TT says I need to fill out separate K-1s for foreign income (box 16) from codes D, E, and F. How much of the entire K-1 info has to be repeated for the separate K-1's?

[rbmiller88]

My Blackstone K-1 has box 16 foreign gross income under Codes D, E, and F.  The Turbo Tax software  is telling me I have to fill out separate K-1s for that (though Blackstones guidance doesn't say that).  How much of the data from the Blackstone K-1 has to be replicated for the additional K-1s (D, E, F)?  Also, I'm already having to do a separate Kp1 for Income from Boxes 1 (business income) and 2 (rental real estate income).  In that case, I only have to provide the value in Box 2 only.  Hoping I only have to provide the box D, E or F only.  Tx.

[nexchap]

One K-1 for everything except box 2.  Include one of the box 16 categories as well (e.g., if you have anything labeled 'General', put it on this one too).

One K-1 for box 2.  That's the only number you put on this one

A 3rd one just for the next category of box 16.

Don't repeat any numbers -- TT will add them all together.  And you don't need to repeat any of the Part 2 info from the K-1.

[rbmiller88]

Hi, thanks for the instructions when filling out a K-1 for the 3rd for box 16E, what activity type do I select (Business box 1, rental real estate income box 2, other rental box 3, or other)?

[nexchap]

'Other' -- that will jump you to the screen where you'd just check off that you have box 16 entries.

[rbmiller88]

Great, that worked.  Thanks for the tip.

[lquaranta3]

Works for 2018 too, thanks.  But I still got an error during the error check saying I need separate K1s for passive income (code F and M).  I Had to put 16 D numbers on the first K1 and 16 F and M numbers on the second K1.