July 14, 2020 7:35 PM
last updated July 14, 2020 7:35 PM
When I create the separate K1s, TT asks me to also enter the info from box 10. Hence, the box 10 data ends up being entered twice and I have the feeling I am being taxed twice for the same concept.
July 15, 2020 6:18 AM
On the original K-1, delete the entry in box 2 and leave all other entries intact.
On the 2nd K-1, fill out Part 1, ignore Part 2, and in Part 3 insert the amount in box 2 and leave the remainder of Part 3 blank.