Yes, you are correct. TurboTax needs a separate K-1 entry for Box 1, Box 2, and each country for Box 16.
The first K-1 copy should have all the information from Parts I, II, and all boxes in Part III, except those that you will enter separately.
When you add a new K-1 for the separate activities, enter only the information from Part I, skip Part II, then enter only the information from the boxes that relate to the separate activity.
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