I understand I need to have separate (form 1065) K-1s for each of boxes 1, 2, or 3. I have 1 and 2. The f
irst K-1 has all boxes but box 2, and the 2nd has only box 2.
Even with checking only box 2 in the 2nd K-1, it asks again about the sale and basis info in the 2nd one as well, and seems to dbl the taxes. What is the right breakdown to include in the first and 2nd K-1s without redundant entries and tax?