Question
On Schedule K-1 (Form1065) line19 Questions
Family Partnership that is involved in more then one activity. Line 1 is the combination of the 2 lines of business total. TT makes one fill out 2 K1s, one for each activity. I see the break down on the worksheets from the account about most of the lines, however, the distribution we received is not listed anywhere, on any of the work sheets. Since the income is split between two items, does the distribution get split between them as well? If not, which K1 does that line get added to? Does it matter?
