Previous TT community answers stipulate creating a separate K-1 for each subsidiary partnership, using the Part III column specific for that subsidiary. That's clear. However, those answers don't specifically instruct whether to redundantly enter the Part I and Part II data that I've already included on the K-1 I prepared for the master partnership (the one that mailed out the 1065). I recall seeing info that says to leave Part I and Part II data blank except for inclusion of the subsidiary's FEIN. So, do I redundantly enter the same Part I and II data or not? Examples are the K-1 Form 1065s sent by Enbridge Energy Partners and Energy Transfer Partners each of which contain multiple Part III data columns.
No, you do not need to enter Part II information when creating another Schedule K-1 entry for a subsidiary partnership. However, enter all information from Part I on each K-1 copy. TurboTax will prompt you to enter this information during the final review if you do not.
No, you do not need to enter Part II information when creating another Schedule K-1 entry for a subsidiary partnership. However, enter all information from Part I on each K-1 copy. TurboTax will prompt you to enter this information during the final review if you do not.