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April 13, 2023
Question

K1 from LLC that has business and real estate income

  • April 13, 2023
  • 1 reply
  • 0 views

I have K1's for my wife and I that contains amounts in box 1 and 2 for business income and real estate income.  It also has information in additional boxes.  Turbo Tax states to treat each seperatley so that there are 2 entries for each K1.  Do I put the infomation from boxes 5,6,13,17,19 and 20 in both or just in one.  Thanks.

    1 reply

    April 13, 2023

    No.

     

    You fill one K-1 with box 1 and all other boxes and the second K-1 with box 2 only.

     

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