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June 6, 2019
Solved

When I have entries on both line 1 and line 2 (Part III) I know I need to enter 2 K1s. What information is duplicated?

  • June 6, 2019
  • 1 reply
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Do I just repeat Part 1 and leave the rest blank?  Which line (1 or 2) entry should have the supporting data.  Does it matter? THANK YOU!
Best answer by RichardK

Yes, you enter the income and expense only once, generally it does not matter which K-1 you use to enter the other income and expense information.

1 reply

RichardKAnswer
Employee
June 6, 2019

Yes, you enter the income and expense only once, generally it does not matter which K-1 you use to enter the other income and expense information.