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Get your taxes done using TurboTax
@Anonymous wrote:How do I handle it?
In TurboTax, you have to treat a K-1 with figures in Boxes 1 and 2 as if you received two K-1s. You already entered the figures with the amount in Box 1 and now you simply need to enter the figure from Box 2 (as if it is in a separate K-1).
The simplest method to handle this is to enter all of the figures from the K-1, including the figure in Box 1, and then enter the second K-1 by only entering the figure in Box 2 (and nothing else since you already entered the figures on various lines when you entered Box 1).
‎October 13, 2019
6:59 PM