K1 with multiple entities under Z

Forum|Forum|12 days ago
September 16, 2026
2 replies
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I received a K1, Form 1065. It has information under boxes 1, 2, 5, 6a, 9a, 9c, 10, 13 (H&L), 14A, and 20 (A, B, Z STMT, and AJ STMT). Under section 199 A which explains Z, there are various entities with different EINs (all are different from the company that issued the K1 form 1065). One EIN has both ordinary and rental income. The others are rental only. Some of the rental real estate only companies have rental income, W-2 wages, and/or unadjusted basis of assets reported on the 199A. One also has REIT which is the same number listed in box 6a.

I am under the impression I need to enter multiple K1s. When I enter the information in Turbotax, do I

Select this income comes from A) the partnership that generated this K-1 or B) from another business (since I have the EINs for the other businesses)?
Complete all questions in turbotax using the exact numbers from part III (the right hand side of form 1065) leaving 20 Z blank as that information will be submitted on the 199A questionnaire) OR do I take the information from 199A and alter the information that is placed in boxes 1, 2, 5, 6a, 9a, 9c, 10, 13, 14A, and 20 of part III?

For example, if Box 1 says $30 and box 2 says -$3000, and 199A says

company A rental income -$2000

company B rental income -$750, and

company C ordinary income $30 and rental income -$250,

and I am creating a K1 in turbotax for company B, do I leave box 1 blank, and in box 2 only enter -$750 (not $3000)? For the other boxes (5, 6a, 9a, 9c, 10, 13, 14A, and 20), do I then only use information provided for company B, or do I use the same information provided in the boxes (5, 6a, 9a, 9c, 10, 13, 14A, and 20) of part III?

What about the entity that has both ordinary business income and net rental real estate income? Do I primarily enter information in box 1 (leave box 2 blank)? Then when completing the “We need additional information about the 199A income”, list again the information from box 1 (ordinary business income) AND add rental income? If yes, does that remove the need to make a separate K1 entry for that entity’s net rental real estate income (loss)?
What about the the entity that has both net rental real estate income and qualified REIT dividends? On the “We need additional information about the 199A income”, do I just also select “has REIT dividends”? Do I also show these dividends on box 6a?
If I have information in 199A and schedule of activities, which is considered the source of truth to enter into turbo tax (the numbers don’t match exactly)?
The K1 from 2024 says “unless otherwise indicated on the relevant schedule K-1 code, is not considered “qualified business income” pursuant to section 199A. This language is not on the 2025 K1. Does it matter? Am I able to select in 2025 that I have passive activity losses carried over from last year and all of my investment is at risk?

Mike9241

Level 15

you need 3 k-1’s one for each rental property and 1 for the business. each reports their separate QBI (20Z) info

on any single k-1 you enter the following boxes 5,6a, 9a, 9c, 10. not sure what’s in box 13. most can go on the same K-1, but some may relate to a specific activity

14A goes only on the business k-1.

line 20 is a hodgepodge of items. some are irrelevant. some can affect that activity. some TurboTax can’t handle

so if you need further quidance for 13 and 20 you would need to provide the code letters like 13a or 20d

Mike9241

jj2026Author

Level 1

Thank you for helping. I am still a bit confused, sorry.

I am a small partner in an LLC with an EIN. That entity then has provided capital to other entities (different EINs). In box 20 for Z, it says STMT. The 199A explanation of Z has 5 different EINS listed. Of those 5, one has both ordinary income plus rental income. I was planning on entering a total of 5 K1s in turbotax. Are you saying I need 6 K1s in turbotax? If 6, what information do I put in for boxes 1-20 for the LLC EIN?

On the first K1, I plan to complete ordinary income (box 1) and then in turbotax under 199A explanation, I will add that same EINs net rental real estate income (since it has both ordinary and rental income). I would not complete box 2 for this EIN. Does this sound right or should this one entity be two K1s?

Then for the other 4 K1s, I would enter net rental real estate income (box 2), getting the value from 199A (not entering the number that is provided on part 3 of form 1065)] . (When I add the rental income values of the 5 EINs from 199A, it totals box 2 on part 3 of form 1065).

More confusion comes from the other boxes on part 3 of form 1065. Box 5 has a number. It looks like it comes from 2 of the 5 EINs. I only planned to fill out box 5 on those 2 (of 5) K1s.

Box 6a as a number. It looks like it comes from 1 of the 5 EINs. I only planned to fill out box 6 on that one (of 5) K1.

Box 9a has a number. I can’t figure out where it comes from. Based on the answer to another question, I plan to add it to 1 of my 5 K1s. Does it matter which one of the 5?

Box 9c has a number. It looks like it comes from 1 of the 5 EINs. I only planned to fill out box 9c on that one (of 5) K1.

Box 10 has a number and for the life of me I can’t use the information I received to equal that number. (It has -1 whilst when I use the information from 199A, it equals +1). Luckily, its all from the same EIN, so I plan to fill out box 10 on that one (of 5) K1. Not sure if it’s better to use +1 or -1.

Box 13 has H and L. They each come from different EINSs so I plan to complete Box 13 H on one of the 5 K1s and 13L on the other corresponding K1.

For box 20, there is A, B, Z, and AJ. I plan to add A to the 3 (of 5) K1s that represent that number. B will be added to the one K1 that that number came from. For AJ, do I just leave it off all 5 K1s or do I put it on the same K1 where I am adding 9a?

Finally, in turbotax, it says we see you have 199A income and asks if the income comes from 1) the partnership that generated this K1 or 2) from another business? I assume I select the later (2, from another business) since I have the EINs for the 5 other businesses?

Thanks again for your help