We bought and sold stock last year, which resulted in both a 1099-B and a K-1. (The stock apparently is a PTP).
The K-1 has a number in both Box 1 and Box 2. Because of this, TT states that I need to enter two K-1s.
Does this mean I have to enter 2 identical K-1s where I input the same name, address, Capital Account Info, Partnership description, and all Sale Information for both K-1s? And so the only part that differs is when I get to the TT screen of "Choose Type of Activity"?
Once I get to that screen, I am not sure which boxes should go with which K-1. I read a post that had a similar question and was answered by @Mike9241 , so maybe he can help? From that post, it seems that I can enter ALL other boxes (4-19) on the K-1 with Box 1 (Ordinary business income). But I have many entries in box 20, so am not sure which K-1 those items need to go with.
I am tagging @Rick19744 as well, since he recently helped me on another K-1 (this is a new K-1 that just arrived)
Can someone also tell me which boxes should be entered with which K-1? Also, can I assume that each box should only be entered on one of the K-1s, and not both.
Here is my K-1 for reference:
And here is the corresponding statement for Box 20:
Thank you!
