Question
Where to enter 1065 K-3 info received by S corp/1120s?
An S corp client received a K-1 (and subsequent K-3) from a 1065 passthrough. There was actually NO foreign tax paid or accrued, but the K-3 is filled out - sourcing the income & deductions between US and foreign sources. How & where is this info entered into the 1120s? I can't find any discussion or information on this.
Thanks.
