The IRS announced on Tuesday February 15, 2022 that most K2/K3 reporting for 2021 can ... you are now not required to file these forms for 2021 tax returns. Under the original guidance from ...
The answer is yes. As long as you know all of the partner’s information regarding their requirement to file Form 1116 you can skip the Schedule K2/K3 if it does not apply at their level.
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