Turbotax requires that lines 1, 2 and 3 be entered on separate k-1's, line
did the partnership provide any instructions because there is an issue with line 2 in that multiple properties/partnerships are being reported. it is unclear if this is a tiered partnership and even if known the IRS has not specified how a tier partnership should be reported on the taxpayers return
unless the instructions included with the k-1 say otherwise, what i suggest for this line is that you either 1) treat then all as one entity by making and aggregate election - check the box and provide the following explanation on the QBI component worksheet. the following rental activities are being aggregated - then include the name of each sub partnership and its ein
2) don't aggregate in which case you report each sub partnership on a separate k-1
18
Code B. Other tax-exempt income. Increase the adjusted basis of your interest in the partnership by the amount shown, but don't include it in income on your tax return.
The partnership will attach a statement for the amount included under code B that's exempt by reason of section 892 and describe the nature of the income.
18c is not used because it represents a non deductible expense. this decreases your tax basis though
5 - enter on any 1 k-1
20a don't bother entering turbotax doesn't use it. it will use line 5
as for the other lines no details provided so follow the supplemental instructions
