Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
robwalsman
New Member

How to file K-1 boxes 1 & 2 with the other boxes

I have income reported in boxes 1 and 2 of my form 1065 K-1. TurboTax instructs me to create two separate K-1s, one for each of these activities. My question is that since I have numbers in boxes 5, 18 and 20, do I include those in the K-1 entry with just box 1, or box 2 or both?


1 Reply
Critter
Level 15

How to file K-1 boxes 1 & 2 with the other boxes

Ok ... it is just this simple ... on one K-1 you will enter everything BUT line 2  .... and on the other K-1 you will enter ONLY the line 2. 

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.63m
Discussions

Manage cookies
v
ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz0123456789-_~