Purpose of Schedules K-2 and K-3

Schedule K-2 is an extension of Form 1065, Schedule K, and is used to report items of international tax relevance from the operation of a partnership.

Schedule K-3 is an extension of Schedule K-1 (Form 1065) and is generally used to report to partners their shares of the items reported on Schedule K-2. Partners must include the information reported on Schedule K-3 on their tax or information returns, if applicable.