How To Use Schedule K-3

Reporting currency. All amounts are reported in U.S. dollars except where otherwise specified.

References to other forms. References in these instructions to Form 1040, U.S. Individual Income Tax Return, are intended, if applicable, to include Form 1040-SR, U.S. Income Tax Return for Seniors, as well as other tax returns for noncorporate partners such as Form 1041, U.S. Income Tax Return for Estates and Trusts. Similarly, references to Form 1120, U.S. Corporation

Instructions for Schedule K-3 (Form 1065) (2025) Catalog Number 74716D Dec 10, 2025 Department of the Treasury Internal Revenue Service www.irs.gov

Income Tax Return, are intended, if applicable, to apply to other forms in the 1120 series. References to forms which have been replaced are intended, if applicable, to include the replacement forms.

Uses of the parts of Schedule K-3, in general. The following are brief descriptions of each part of Schedule K-3. Detailed information is provided later in the Specific Instructions .