Given your answer, the question I still have is how to allocate the various values between the business loss in K-1 block 1 (10% of value in block 2) and rental real estate loss in block 2?
The K-1 blocks that have values annotated are 6, 9c, 10, 11 (code I), 13 with codes V and code W, 17 (code A & B), 18 (code B), 19 (code A), and 20 (codes A, B, N, V, Z). The attached statements for all these blocks and codes don't explicitly delineate whether they apply to block 1 or 2.
If the real estate is eventually sold in the future. Does it matter if I just put all the values in one of the two K-1's I spilt this K-1 up under?
