PatriciaV
Expert Alumni

Investors & landlords

TurboTax does not support Schedule K-1 Part III Section 2 or Part X for the following reasons:

 

  • Part III Section 2 applies only to partners who own more than 10% of the partnership and have interest expense reported on Form 1116, Part I, line 4b.
  • Part X applies only to foreign partners.

 

If either of these situations apply to you, you will need to manually adjust the amounts reported on the related forms in your return. 

 

Otherwise, you may ignore these sections of Schedule K-3.

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