How do I adjust the K-3

To adjust your Schedule K-3 in TurboTax, follow these steps:

1. Find your Schedule K-1 form. The K-3 is an extension of the K-1, so you'll need to adjust it there
2. To Find the K-1
   1. Open or continue your return. Be sure to be signed for link to work 
   2. Go to K-1 or Select Search (magnifying glass top right of screen) and type  K-1 tap enter and then click on the jumplink
   3. On the K-1 form, look for the section related to foreign income (usually Box 16 or 14).
   4. Enter the necessary details for your K-3. If you have multiple categories of foreign income, you might need to enter additional K-1s for the same business

Troubleshooting Tips

• Uncheck Box 16/14: If you encounter issues, try unchecking Box 16 or 14 on the K-1 to clear any federal review problems
• Use Various for Multiple Countries: If your K-3 has multiple countries listed, select "Various" in the dropdown for Foreign Country or U.S. Territ