Form 1065 K-1 income

[michael_firkins]

I am inputting the Part III income from boxes 1 and 2. Turbotax requires I complete a separate K-1 for each of these entries. Additionally it asks for all the other information from the K-1 for each of those forms. Do I add all the information from all the other boxes (3-20) on both of the K-1 forms that I'm completing for 1 (ordinary business income) and 2 (net rental real estate income)? I have info in box 3 (interest income) and also Section 199A (box 20, code Z) that describes the income and UBIA. It doesn't intuitively seem correct to record all this information twice. Thanks!

[Anonymous_ · Accepted solution]

No, just enter Boxes 1 and 2 separately. Do not duplicate the other entries.

[Anonymous]

pay special attention to box 20. if there's info there some may apply to line 1 while other info may apply to line 2.  but again only enter once on the appropriate k-1. 

[Critter-3]

On the first K-1 enter everything EXCEPT box 2   and on the second on  enter ONLY box 2.