Screen KFrgn - Schedule K - Foreign Transactions (1065)

Foreign Transactions

Select the category of income for foreign source gross income and deductions allocated and apportioned at the partnership level. This information determines where to report the foreign gross income and deductions on Schedules K and K-1.
Enter
X
if the foreign income and foreign taxes were from a mutual fund or other regulated investment company (RIC). When you mark this field, "RIC" displays as the country name on Schedule K and the partnership and partner Foreign Transaction Worksheet. Regulated investment income (RIC) does not need to be reported on a country-by-country basis.
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