To provide a centralized article where customers can go for all Knowledge Base articles pertaining to Schedules K-2 and K-3.
This article was created for tax year 2021 to keep customers up-to-date on frequently asked Schedules K-2 and K-3 questions.

 

Below, please find informational and "how to" articles and resources related to Schedules K-2 and K-3. We anticipate that we will update this frequently with new items as additional questions arise throughout tax year 2021. 

NOTE: (2/18/22) IRS Provides 2021 K-2 and K-3 Filing Relief for Certain Domestic S Corporations and Partnerships
 

Article Number	Entity	Overview Article Weblinks
000138681	1120S, 1065	(Updated 6/24/2022) Frequently Asked Questions - Schedule K-2/K-3, Tax Year 2021 using CCH® ProSystem fx® Tax and CCH Axcess™ Tax.
000136442	1120S, 1065, 8865, 1040	(Updated 6/24/2022) What to Expect for New Schedules K-2 and K-3 using CCH Axcess™ Tax and CCH® ProSystem fx® Tax.
000136906	1120S, 1065	New Schedules K-2 and K-3: What Partnerships and S Corporations Can Expect in the First Year of Reporting
000136524	1120S	How do I input Schedule K-2 and Schedule K-3 in an 1120S return using CCH® ProSystem fx® Tax and CCH Axcess™ Tax worksheet view?
000136556	1120S	How do I input Schedule K-2 and Schedule K-3 in an 1120S return using CCH® ProSystem fx® Tax interview view?
000136438	1065	How do I input Schedule K-2 and Schedule K-3 in a 1065 return using CCH® ProSystem fx® Tax and CCH Axcess™ Tax worksheet view?
000136555	1065	How do I input Schedule K-2 and Schedule K-3 in a 1065 return using CCH® ProSystem fx® Tax interview view?
000137390	1065	How do I populate Schedule K-1, Line 21 for partners in a 1065 return using CCH® ProSystem fx® Tax and CCH Axcess™ Tax worksheet view?
000138411	1065	How do I populate Schedule K-1, Line 21 for partners in a 1065 return using CCH® ProSystem fx® Tax interview view?
00141886	1065	How do I input Schedule K-3, Item E, Line 1, and Schedule K-3, page 2, part 1, box 10, with a 1065 return using CCH® ProSystem fx® Tax and CCH Axcess™ Tax?
000138497	1120S	How do I input Schedule K-1, line 16F in an 1120S return using CCH® ProSystem fx® Tax and CCH Axcess™ Tax worksheet view?
000138499	1120S	How do I input Schedule K-1, line 16F in an 1120S return using CCH® ProSystem fx® Tax interview view?
000138135	1120S	How do I prepare Schedule K-2 and K-3(s) to print as blank with page 1 Item C, lines 1-7 as No, in an 1120S return in CCH Axcess™ Tax and CCH® ProSystem fx® Tax?
000138113	1065	How do I prepare Schedule K-2 and K-3(s) to print as blank with page 1 Item C, lines 1-11 as No, in a 1065 return using CCH® ProSystem fx® Tax and CCH Axcess™ Tax?
000138213	1120S	How do I suppress printing of Schedule K-3(s) in a 1120S return using CCH® ProSystem fx® Tax and CCH Axcess™ Tax?
000139531	1040	How do I input Schedule K-3 information with a 1040 return using worksheet view in CCH® ProSystem fx® Tax and CCH Axcess™ Tax?
000139532	1040	How do I input Schedule K-3 information with a 1040 return using interview forms in CCH® ProSystem fx® Tax?

Electronic Filing

• (New 7/1/2022) CCH Axcess™ Tax and CCH® ProSystem fx® Tax: Schedules K-2 and K-3 Electronic Filing / e-Filing Topics.
• (New 6/24/2022) Diagnostic: 61971 - "Electronic Filing.  The Federal return has been disqualified from electronic filing, as it includes international information on Schedule K-3..." with a 1065 return using CCH® ProSystem fx® Tax and CCH Axcess™ Tax.
• Diagnostic: 60232 - "The Federal return has been disqualified from electronic filing, as it includes international information on Schedule K-3 and contains more than 50..." in a 1065 and 1120S return using CCH® ProSystem fx® Tax and CCH Axcess™ Tax.
• Schedule K-2 and Schedule K-3 recommended PDF attachment names defined in MeF publications, web pages and business rules.
• What are the requirements and limitations for PDF attachments in CCH Axcess™ Tax and CCH® ProSystem fx® Tax?

Cautionary diagnostics appearing with software releases available February, 2022:

• Diagnostic: 29337 - "Schedules K-2 and K-3 are included in this return. Due to the addition of Schedule K-3 to the K-1 print package, print preview, print K-1 copy..." in a 1065 and 1120S return using CCH® ProSystem fx® Tax and CCH Axcess™ Tax.
• Diagnostic: 22998 - "Electronic Filing. The autogenerated PDF attachment of the federal Schedule's K-2 and K-3 have been suppressed..." in an 1120S return using CCH® ProSystem fx® Tax and CCH Axcess™ Tax worksheet view.
• Diagnostic: 22998 - "Electronic Filing. The autogenerated PDF attachment of the federal Schedule's K-2 and K-3 have been suppressed..." in a 1065 return using CCH® ProSystem fx® Tax and CCH Axcess™ Tax worksheet view.
• Diagnostic: 22998 - "Electronic Filing. The autogenerated PDF attachment of the federal Schedule's K-2 and K-3 have been suppressed..." in an 1120S return using CCH® ProSystem fx® Tax interview view.
• Diagnostic: 22998 - "Electronic Filing. The autogenerated PDF attachment of the federal Schedule's K-2 and K-3 have been suppressed..." in a 1065 return using CCH® ProSystem fx® Tax interview view.