Question

Form K 2 and K 3 for 1120S are not showing up in the step-by-step

Forum|Forum|2 years ago
February 17, 2024
1 reply
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I paid foreign income tax in 2023 as s corp. How do enter the tax in TurboTax so that K 2 and K3 can automatically come up and TT can walk me through these two forms?

TurboTax Business Windows

DaveF1006

To clarify, were forms k-2 and K-3 issued to you by the S-Corp?

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J

June YWAuthor

Hi Dave,

I am filing 1120S and since I paid foreign income tax in 2023, should I file k 2 and k3 for 1120S?

Thanks

DaveF1006

Yes, since you paid foreign income tax, you need to prepare a k2 and K3 in your 1120S. FYI, here are a couple of links that explain the k2 and K3 more in detail. These do have some helpful information that you may find informative.

Schedule K2 & K3 FAQS

Instructions For K2 and K3

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