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Partnership K-1 both business and rental real estate income
TurboTax Home and Business suggests that if the K-1 has more than one box for income, that the amounts be treated as different K-1's. As such, what is the correct entries for the partnership profits, debts and capital accounts. For example, if the total capital contributed is $100, do I enter $100 for each K-1 or $50 for each K-1?
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March 8, 2020
6:07 PM