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New Member
posted Apr 3, 2025 3:54:21 PM

My K-1 shows activity for Box1 and box 2. Tax Help says I should do a K-1 for ecah box. How do I generate a second K-1 for Box 2?

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1 Replies
Expert Alumni
Apr 3, 2025 3:59:35 PM

After you enter the K-1 reporting the box 1 income, choose the option to enter another K-1. On the second K-1 only enter the income reported in box 2, not any other amounts that you reported on the first K-1 entry. In other words, do not duplicate any numerical entries. Also, if other numerical entries on the schedule are applicable to the box 2 income, only enter those on the second K-1 entry.