Schedule K-1 - More Than One Foreign Country
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To separately report more than one foreign country for (Schedule K-1 (Form 1065), Box 16 or Schedule K-1 (Form 1120-S), Box 14), you would need to create a separate Schedule K-1 and only complete Box 16 or Box 14, respectively.

Schedule K-1 (Form 1065), Box 16

  1. From within your TaxAct return (Online or Desktop), click Federal (on smaller devices, click in the top left corner of your screen, then click Federal).
  2. Click the Business Income dropdown, then click Partnership income (Form 1065 Schedule K-1).
  3. Click + Add Partnership Schedule K-1 to create a new copy of the form or click Edit to edit a form already created (desktop program: click Review instead of Edit).
  4. On the screen titled Partnership - Business Name, enter the Partnership name and the Partnership ID number, click the Enter a foreign address link, select the country from the Foreign country drop-down, then click Continue.

Schedule K-1 (Form 1120-S), Box 14

  1. From within your TaxAct return (Online or Desktop), click Federal (on smaller devices, click in the top left corner of your screen, then click Federal).
  2. Click the Business Income dropdown, then click S Corporation income (Form 1120S Schedule K-1).
  3. Click + Add S Corporation Schedule K-1 to create a new copy of the form or click Edit to edit a form already created (desktop program: click Review instead of Edit).
  4. On the screen titled S Corporation - Corporation Name, enter the S corporation name and the S corporation ID number, click the Enter a foreign address link, select the country from the Foreign country drop-down, then click Continue.

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