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JamesAZ
New Member

Error on K-1 form 1065 - Data in Box 1 and Box 2

My K-1 has a number in both box 1 and box 2.  I marked multiple  for types of activity.  I am getting an error during the Final review.  The error says box 2 should not have an amount; use delete to remove the entry.  What do I do?
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1 Reply
PatriciaV
Employee Tax Expert

Error on K-1 form 1065 - Data in Box 1 and Box 2

Yes, if you have two business activities reported on one Schedule K-1, you must create another K-1 for the second activity.

Enter all information except Box 2 or 3 on the first copy.

On the K-1 copy, enter the header info (name, EIN, address, etc.) and only the income in Box 2 (or Box 3).

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