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I am involved as a limited partner in a K-1 (REIT) with both ordinary business income & rental real estate income. Do I really enter two forms with duplicate info?

Forum|Forum|7 years ago
June 6, 2019
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I would be duplicating many of the dollar figures on both K-1 entries, which doesn't seem right?

TurboTax Self Employed Online

Best answer by RichardK

Yes, you enter the income and expense only once, however you must enter the ordinary income and rental income on separate K-1s and you enter the demographic information in boxes A through D on both K-1's. Generally it does not matter which K-1 you use to enter the other income and expense information.

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RichardKAnswer

Employee

Yes, you enter the income and expense only once, however you must enter the ordinary income and rental income on separate K-1s and you enter the demographic information in boxes A through D on both K-1's. Generally it does not matter which K-1 you use to enter the other income and expense information.