When I have entries on both line 1 and line 2 (Part III) I know I need to enter 2 K1s. What information is duplicated?

Do I just repeat Part 1 and leave the rest blank? Which line (1 or 2) entry should have the supporting data. Does it matter? THANK YOU!

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When I have entries on both line 1 and line 2 (Part III) I know I need to enter 2 K1s. What information is duplicated?

Yes, you enter the income and expense only once, generally it does not matter which K-1 you use to enter the other income and expense information.

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When I have entries on both line 1 and line 2 (Part III) I know I need to enter 2 K1s. What information is duplicated?

Yes, you enter the income and expense only once, generally it does not matter which K-1 you use to enter the other income and expense information.