Method 1 - Prepare and populate Schedule K-2 and Schedule K-3(s)

1. Go to Partners > Schedule K-2 - Distributive Share Items - International Parts 1-V Worksheet.
2. Expand Section 12 - Schedule K-2 Part III Section 4 - Foreign Tax Options.
3. In Line 1 - Foreign Taxes paid, select the checkbox, if applicable.
4. In Line 2 - Foreign Taxes accrued, select the checkbox, if applicable.
5. Expand Section 13 - Schedule K-2, Part III Section 4 - Foreign Tax Information.
6. Select Detail.
7. In Line 1 - Row code, select F4  (Lookup Value) and choose option 1 from the list. 
8. In Line 3 - Country Code, select F4  (Lookup Value) and choose an applicable country code from the list.
9. In Line 5 - Type of tax, select F4  (Lookup Value) and choose an applicable tax type from the list.
10. In Line 7  - Date tax paid, input an applicable date in format dd/mm/yyyy.
11. In Lines 10-20 - 951A/Foreign Branch/Passive/General category income, input applicable amount.
12. Calculate the return.

Method 2 - Prepare blank Schedule K-2 and no Schedule K-3(s) when meeting filing exception

1. Go to Income Deductions > Schedule K Income Deductions Overrides worksheet.
2. Expand Section 8 - Schedule K Other Items.
3. In Line 25 - Foreign taxes paid or accrued - override, input applicable amount.
4. Go to Partners > Schedule K-2 - Distributive Share Items - International Parts I-V worksheet.
5. Expand Section 1 - Schedule K-2 - General Information and Part I.
6. In Line 5 - Print a blank page 1 of Schedule K-2/K-3 when no other input for the Schedule K-2 exists, select the checkbox.
7. Go to Partners > General Options worksheet.
8. Expand Section 1 - Schedules K-1 and K-3 Print Options.
9. In Line 3 - Code to produce the Schedule K-3, select option Produce for only selected Partners.
10. Calculate the return.

Method 3 - Without Preparing Schedule K-2 or Schedule K-3(s) when meeting filing exception

1. Go to Income Deductions > Schedule K Income Deductions Overrides worksheet.
2. Expand Section 8 - Schedule K Other Items.
3. In Line 25 - Foreign taxes paid or accrued - override, input applicable amount.
4. Calculate the return.

Notes

• If utilizing method 2 or 3, please review Schedule K-2 / K-3 filing instructions regarding exception qualifications carefully.
• If utilizing method 2 or 3, special allocation code 5780 is available to control partner distribution.