2036232
You'll need to sign in or create an account to connect with an expert.
Yes, you need to enter a second K-1 to handle the income reported in box 2. The second K-1 will have the same basic information as the first one (name, Federal ID number, etc.), but it will report the income for box 2.
As for the other items reported on the K-1, include everything but the income in box 2 on the first K-1. It should not matter which K-1 reports the other items, as long as all of the information is only entered one time.
Yes, you need to enter a second K-1 to handle the income reported in box 2. The second K-1 will have the same basic information as the first one (name, Federal ID number, etc.), but it will report the income for box 2.
As for the other items reported on the K-1, include everything but the income in box 2 on the first K-1. It should not matter which K-1 reports the other items, as long as all of the information is only entered one time.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
mikeyb64
Returning Member
Kuehnertbridget
New Member
jfreberg
Returning Member
av8rhb
New Member
gmoore140520
New Member