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Get your taxes done using TurboTax
The preparer of your K-1 has reported more than one activity on one Schedule K-1.
At the screen Choose Type of Activity, click This K-1 reports in more than one of boxes 1,2, and 3.
Since your K-1 reports amounts in more than one of boxes 1, 2, or 3, the partnership/LLC is involved in more than one type of activity. You should treat each activity separately in TurboTax.
So there will be one K-1 entry for box 1 income. Only click on box 1 and the statement "This K-1...".
There will be a second K-1 entry for box 2 income. Only click on box 2 and the statement "This K-1...".
The other boxes of the K-1 may refer to either box 1 income, box 2 income or a combination. The preparer of the K-1 may have included attachments or detail which explain how those items break down.
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