Schedule K2 and K3 Investment Partnership Part 1

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=bfa2Krn0RgA

Schedules K-2 K-3 were introduced during the 2021 tax year. The Schedules should be filed with a Partnership (Form 1065) and S corporation (Form 1120-S) to report the source character of income allocated to each owner. • The detailed information reported on Schedule K-3 is often needed by both U.S. and non-U.S. taxpayers to accurately file their tax returns. • This video series (Tutorial 3 Playlist) covers a simple example where a U.S. limited partnership acts as an investment fund for several investors. • The LP has 4 partners, 2 of which are U.S. citizens, and two partners are non-U.S. The LP invests in a variety of U.S. publicly traded stocks, as well as publicly traded stocks on a Switzerland based exchange. • For other K-2 K-3 tutorials covering different fact patterns, please see the following playlists and videos below. • Tutorial 1: U.S. Partnership LLC with Foreign DRE No ECI • 1. Intro Fact Pattern: • Schedule K-2 K-3 with Foreign Disre... • 2. Form 1065 Pages 1 to 5: • Schedule K-2 K-3 with Foreign Disre... • 3. Schedule K-2: • Schedule K-2 K-3 with Foreign Disre... • 4. Schedule K-3: • Schedule K-2 K-3 with Foreign Disre... • Tutorial 2: U.S. Partnership LLC with Foreign DRE and U.S. ECI • 1. Intro Fact Pattern: • Schedule K-2 K-3 with US LLC, Forei... • 2. Form 1065 Pages 1 to 5: • Schedule K-2 K-3 with US LLC, Forei... • 3. Schedule K-2: • Schedule K-2 K-3 with US LLC, Forei... • 4. Schedule K-3: • Schedule K-2 K-3 with US LLC, Forei... • Tutorial 3: U.S. Investment Fund LP with U.S. FDAP Income • 1. Intro Fact Pattern: • Schedule K-2 and K-3 Investment Partn... • 2. Form 1065 Pages 1 to 5: • Schedule K-2 and K-3 Investment Partn... • 3. Schedule K-2: • Schedule K-2 and K-3 Investment Partn... • 4. Schedule K-3: • Schedule K-2 and K-3 Investment Partn... • For a larger database of tutorials, please visit our website and search for your question: • https://knottlearning.com/ • DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Self-help services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorney-client or confidential relationship. This video does not include information about every topic or issue related to these informational materials. • #ScheduleK2 #ScheduleK3 #Form1065 #Form1116 #Form1118

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