DavidS127
Expert Alumni

Get your taxes done using TurboTax

Because your K-1 is reporting Section 199A information generated by the partnership and Section 199A information generated by multiple passthrough entities, you'll need to "split" this K-1 into two separate K-1s for entry into TurboTax.  Enter one K-1 with only the "box" amounts generated by the "main" partnership, and additional K-1s for each pass-through entity with only the "box" amounts generated that particular pass-through entity.   

 

For all these K-1s, when you begin the K-1 entry use the same identifying information for the "main" partnership that sent you the K-1 (e.g., name of partnership, address, EIN, etc).

 

If you can't figure (deduce) that "split" from the information you have, you will need to contact the preparer of the K-1 to get those amounts.

 

Note that when you enter each K-1, you'll encounter the question "Is the business that generated the Section 199-A income a separate business owned by the partnership?" screen, TurboTax is asking if the Section 199-A income was passed through to the partnership sending you the K-1 by another partnership, S-Corp, or trust; versus being generated by the business operations of the partnership that sent you the K-1.  So, on one of the K-1s you enter you will answer that it is from the partnership, and on the others you will enter that it is from the pass-through entity. TurboTax will ask for the name and EIN of each pass-through entity.

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