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How to enter K-1 Form 1065 & supporting forms
My CPA prepares our LLC (wife is 95% owner/partner & I'm 5% partner) K-1 form 1065 and supporting forms. We have income from our property management business from other property owners we contract with as well as a couple of our own properties in the form of rentals. I'm aware I need to create separate K-1s in Turbotax for each partner as well as boxes 1 & 2 on each K-1. How do I enter all the correct figures into Turbotax? ie: K-1 Line 18 code C; K-1 Line 20 code AH (has figures for 2016 - 2018 & Interest Expense); 199A that lists Columns A, B & C. Col A appears to reference the figure in Box 1 of K-1 form 1065. Col B lists Net rental income for one of our properties & Col C does as well. Col A also lists W-2 wages. There's a line for Qualified property for each Column with figures listed for each.