I have a schedule K-1 with dollars in both Box 1 and Box 3. As I need to fill out 2 separate K-1s for Turbo Tax, will I need to re-enter all of the other boxes that I entered for the Box 1 K-1 when I enter info for my Box 3 K-1?
No. On the second K-1 that you create, just enter the information for Box 3. Enter all the other information on the same K-1 that you enter the box 1 income.
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No. On the second K-1 that you create, just enter the information for Box 3. Enter all the other information on the same K-1 that you enter the box 1 income.
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On the second K-1, I understand that you need not re-enter all the information from boxes 4 through 20. However, is it necessary to re-enter the information from Part II?
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