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astrange
Level 1

If I'm splitting up a partnership K-1 because it has multiple activities (income in box 1 and 2) and also dividends in box 6a, do I include this in one or both K-1s?

For other information there is a statement for how to distribute it, but not for boxes 4-7.
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Accepted Solutions
AnnetteB6
Employee Tax Expert

If I'm splitting up a partnership K-1 because it has multiple activities (income in box 1 and 2) and also dividends in box 6a, do I include this in one or both K-1s?

You would only enter the dividends on one of the split up K-1s.  It does not matter which one, but if you enter it on both, the income will be counted twice.  

 

 

@astrange

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1 Reply
AnnetteB6
Employee Tax Expert

If I'm splitting up a partnership K-1 because it has multiple activities (income in box 1 and 2) and also dividends in box 6a, do I include this in one or both K-1s?

You would only enter the dividends on one of the split up K-1s.  It does not matter which one, but if you enter it on both, the income will be counted twice.  

 

 

@astrange

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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