Scroll down to item 1 on page 3 of the draft instructions, and you’ll see a domestic filing exception for Schedules K-2 and K-3.  The instructions state that a domestic partnership need not file the Schedules K-2 and K-3, or furnish to a partner the Schedule K-3 (except where requested by a partner after the “1-month date”), if each of the four listed criteria are met with respect to the partnership’s
tax year 2022. Most notably, the schedules do not have to be filed if no more than $300 of foreign income taxes allowable as a credit under section 901 are treated as paid or accrued by the partnership.