Part II of Schedule K-2 (and Part II of Schedule K-3). Part
2025 Inst 1065 (Schedule K-2 & K-3) (PDF) · 2026-10-03 edition · updated 2026-10-04 · United States
II is used to figure the partnership’s income or loss by source and separate category of income; and to report the partner’s distributive share of such income or loss. Partners will use the information to figure and claim a foreign tax credit on Form 1116 or 1118.
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