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I need to create multiplel K-1's for the same Partnership due to Part III entries of 1,2 and 3. Do I duplicate all entires in each section for each k-1.

 
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Employee Tax Expert

I need to create multiplel K-1's for the same Partnership due to Part III entries of 1,2 and 3. Do I duplicate all entires in each section for each k-1.

Please do not duplicate all the entries. Enter everything on the first K-1 form.  Then, when reporting line 2, enter only the same name and general information and line 2. Repeat the same for line 3.

Note: different types of income must have separate entries, that's why they must be entered as if they are from different K-1 forms. 

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Highlighted
Employee Tax Expert

I need to create multiplel K-1's for the same Partnership due to Part III entries of 1,2 and 3. Do I duplicate all entires in each section for each k-1.

Please do not duplicate all the entries. Enter everything on the first K-1 form.  Then, when reporting line 2, enter only the same name and general information and line 2. Repeat the same for line 3.

Note: different types of income must have separate entries, that's why they must be entered as if they are from different K-1 forms. 

View solution in original post

New Member

I need to create multiplel K-1's for the same Partnership due to Part III entries of 1,2 and 3. Do I duplicate all entires in each section for each k-1.

Box versus line is confusing to me