If your K-1 shows more than one type of activity (ie: Box 1 and Box 2), treat each one separately. Enter all Box 1 business items on one K-1 and all Box 2 rental items on a separate K-1.
When you add a new K-1 for the second activity, enter only the information from Part I, skip Part II, then enter the amount from Box 2 (rentals).
If, however, you received additional information with Schedule K-1 that provides a breakdown of the amounts in the other boxes, use this info to split the other box amounts between the K-1s. Otherwise, follow the instructions above.
@rruizfamily
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