Schedule K-2 and K-3 explained
Learn what Schedule K-2 and K-3 forms report and how SafeSend recognizes, collates, and displays them with Schedule K-1 packages.
The IRS introduced new Schedule K-2 and Schedule K-3 forms for the 2021 tax year. Use them to report international income, deductions, credits, and other miscellaneous items for pass-through entities.
General information | Answer |
|---|---|
Does Returns support Schedule K-2 and Schedule K-3 forms? | When uploading a return that includes a Schedule K-1 package, SafeSend recognizes the Schedule K-2 and/or K-3 as part of the package and collates them accordingly. |
Where will these forms appear in the Returns application? | Returns will place them in the K-1 tab. |
Do I have to perform special actions or adjust print settings for any Schedule K-2 and K-3 forms? | SafeSend will handle the Schedule K-2 and/or K-3 forms properly, as long as they are printed behind the Schedule K-1 for each shareholder/partner. |
