I have a K-1 from DKL DELEK logistics. This is the first K1 I've ever had to enter. This was holding that I actually bought and quickly sold because it has a K-1 and actually was surprised that I got a K-1.
OK so as I was entering the data, I got to the point where it asked me if I had amounts in boxes one and three and I said yes and then it said I had to enter 2 separate K1s for this. So for those who have done this before if I do this and enter the same company name, do I enter all the values from the K1 the same each time or do I somehow discriminate between them. And lastly, how does the program know not to just double all the contributions and losses for this holding? Thanks much.
