Question
How do I enter a k-1 in TT that includes both ordinary business income (box 1) and net rental real estate income (box 2)?
TT has indicated that I should enter ordinary income on one k-1 and rental RE income on a second k-1. My k-1 also includes amounts in boxes 5 - 20. Do I enter the same amounts on both k-1s? For example, if box 19 states $20,000, do I enter $20k on the k-1 for ordinary business income and the K-1 for rental real estate income?
