Question

How to split a single sch k-1, (1041) into separate k-1's for multi types of Income. I have both ordinary business income (box 6) & Net rental real estate income (box 7)

Forum|Forum|7 years ago
June 5, 2019
3 replies
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TurboTax Home & Biz Windows

Carl11_2

Employee

Deleted. This response was just flat out wrong any way you look at it. (What was I thinking!?!)

K

kcford

Carl, so input all of the information twice with box 6 omitted one time and then box 7 omitted the second time? I want to make sure the other amounts are not being doubled.

D

devboss53Author

Thanks so much for your response. Should I do a third K1 with all the other info on the original K-1 or do 2 K-1's with all info and item #6 on one K-1 and just item #7 on a 2nd K-1? I've seen both answers in related questions here.

Carl11_2

Employee

My response above deleted. This thread is so messed up (by me) with wrong information (again, by me) that I've closed it. Please start a new post @kcford as what applies to the original poster of this thread, may have nothing to do with your situation, combined with the fact this thread is 4 months old and tax laws *have* changed in that time.