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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1 Best answer
AnnetteB6
Expert Alumni
Apr 6, 2020 5:14:27 AM
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.
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.