I have income in k-1 box 1 and a loss in box 2. when i split the k-1 into two, does it matter where all the other entries go (do i split them too) to maximize my qbi?

[Anonymous_ · Accepted solution]

Your QBI deduction will be based upon the figure on Line 20 (Z code) of your K-1 if the entity is a partnership or multi-member LLC or Line 17 (V code) of your K-1 if the entity is an S corporation. 

[Anonymous]

usually, all the other entries except the other information section can go on just one k-1.  you have to look at how each item is described in that section it may contradict what is stated above. as for QBI info, there should be separate numbers for lines 1 and 2. they must be entered on the appropriate k-1. 

[AmeliesUncle]

Yes, it matters.  You need to know which boxes (and how much of that box) applies to the general business income (Box 1) and which boxes (and how much of that box) applies to the passive rental income (Box 2).  You probably need to contact whoever issued you the K-1 for the details.