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