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Level 2
March 9, 2022
Question

Do I need to generate K-2 and K-3 on an 1120S if there is no foreign income?

  • March 9, 2022
  • 2 replies
  • 15 views
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2 replies

JRC
Level 7
March 10, 2022

No for 2021 if you meet the Exceptions for not to include the K-2 and k-3.

Yes for 2022.

Everyone says to refer to the instructions.

abctax55
Level 15
March 10, 2022

Depends on certain Forms filed by the shareholder (s).

Exception 4 (I think...)

HumanKind... Be Both