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K1 Form 1041 multiple income types

What is correct way to enter K1 Form 1041 that has multiple types of income (box 6 and box 7) into TurboTax 2024?  Do you enter ALL of the information from the original K1 (excluding box 7) for 1st K1 and then enter ALL information again (excluding box 6 this time) a 2nd K1? 

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1 Reply
AmyC
Expert Alumni

K1 Form 1041 multiple income types

No. You will have:

  • all income on one k-1, excluding box 7. 
  • The second k-1 will have only box 7 income.

When you are entering the k-1, boxes 6-8 will state that you should add an extra k-1. Good job!

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