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June 1, 2019
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What do you do K-1 boxes 1$2?

  • June 1, 2019
  • 1 reply
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When a K-1 has data in box 1 and 2 you treat it as two forms in turbotax. What about the boxes 4 through 20? do you enter them on "both" forms? example: Box1 XYZ LLC box 1, $100 and box 20 $100. then Box2 XYZ LLC box 2, $5000 and box 20 $100 or lave it blank?   

Best answer by MichaelL1

You do not enter boxes 4-20 twice.

Because there is information in both Boxes 1 and 2, you will need to complete entries for one K-1 with all the information except for Box 2. 

Then, Add Another K-1 but only include the amount in Box 2 (don't enter the rest of the numbers for that one). 


1 reply

MichaelL1
MichaelL1Answer
Employee
June 1, 2019

You do not enter boxes 4-20 twice.

Because there is information in both Boxes 1 and 2, you will need to complete entries for one K-1 with all the information except for Box 2. 

Then, Add Another K-1 but only include the amount in Box 2 (don't enter the rest of the numbers for that one).