K1 income is being counted twice

[awesome1]

I received form 1065 through a syndication. I have amounts reported in both box 1 (Business income) and box 2 (rental income). Turbo tax suggests that I create 2 separate entries as follows:

"Enter business income on one K-1"

"Enter real estate income on another K-1."

However, by doing so, my income is being counted twice. The amount going into form 8995 as well as the amount on line 8 form 1040 are doubled.  How do I get around this? Do I really need two K-1 entries as turbo tax is suggesting? how do I make sure the income is not counted twice?

Thanks!

[tagteam]

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@awesome1 wrote:

.....by doing so, my income is being counted twice. 

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They are two separate activities so they should be counted separately.

[Mike9241]

with Turbotax, you must use 2 k-1s if you have entries on lines 1 and 2.  

some other lines are generic so they can go on the first k-1. like interest income. 

other lines pertain to both lines 1 and 2 or 1 or 2 and must be separated and entered on the appropriate k-1

this is true of QBI/Section 199A/form 8995 info 

the line 20 details, perhaps contained in a separate schedule must be reported on their respective k-1s. you don't enter the total on each k-1. that will double up the reporting.

[Critter-3]

Enter everything on the first K-1 entry  EXCEPT box 2   and then on the second K-1 entry ONLY enter box 2 ... the program will marry the 2 together on the return automatically because they share an EIN.