K1 has income in Box 1 and a loss in Box 2. I am confused as to how to properly enter this in TurboTax. Starting to miss my accountant.

[brianb]

I have seen where it says post everything with box one and only do the box 2 on the 2nd part. Then I have seen where it says to try and decide what applies to what in the subsequent boxes. What is the correct way to handle this. I have no idea what part of the subsequent boxes apply to Box 1 / 2 or both.

[Rick19744 · Accepted solution]

Two separate K-1 inputs and you should handle it as you stated in your first sentence.