Print questions about Schedules K-2/K3

Q: Does Part II of Schedules K-2 and K-3 country detail print on whitepaper or on the tax form when there are more than three countries?
A: When there are more than three countries, the detail will print on the tax form (three (3) countries per page) and will not print on whitepaper.
Q: When will a Part print and e-file for Schedules K-2 and K-3?
A: You must first select the Activate Schedules K-2 and K-3 (Mandatory) check box. Verify and select this option if it's not already checked. Then, verify the
Yes
column of the Part to print is checked on Schedule K-2, line C or on Schedule K-3, line E of the applicable partner.
Q: How do I suppress the partner number that prints on Schedule K-3, Page 1?
A: Check the suppression box for the partner number on Organizer > Partner Information > Common Partner Data > Sch K-1 Print Options.
Q: What 1065 Schedules K-2 and K-3 Parts print on whitepaper after reaching the line limit on the tax form?
A: Schedules K-2 and K-3 detail, such as other income, other losses, Section 1291 information, and additional other category items, generally prints on whitepaper.
  • Part I detail, except for Form 1118, Schedule I, will generally print on whitepaper unless there is a table, worksheet, etc in the IRS instructions, and then it will generally print on those composed forms.
  • Generally, lines on Parts III, VIII, and XI will print on whitepaper after reaching the last line on the form for the specific item.
  • Parts II, IV, V, VI, VII, IX, X, and XIII will generally print on-form, even after their detail reaches the last line on a page as they will scroll to a continuation tax form page.
Thomson Reuters has composed the tables, worksheets, etc provided in the IRS instructions when feasible, and the software will print on these when applicable.
Q: Are there Select Print options for Schedules K-2 and K-3?
A: Yes, there is a Select Print option for Schedule K-2. There is another Select Print option for Schedule K-3. For the K-1 Package, Organizer > General Information > Return and Print Options> Select K-1 Print can be used.
Q: Can I suppress each Schedule K-3 from printing?
A: Yes, each Schedule K-3 can be separately suppressed. There is also an option to suppress all Schedule K-3 and an option to suppress Schedule K-2.
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