Well, TurboTax for Business generated the K-1 for my business. I believe the first column, where it is labelled 1065, line 22 refers to capital gains/losses from selling assets (for the same business). I'm guessing that it is separated because these particular gains/losses are not part of the QBI deduction. Maybe it considers those actions as passive income. Still doesn't make complete sense because my capital gains from setting assets is a positive number (profit) whereas my K-1 shows it as a loss.
Does that make sense? If that is the case, do I need to enter separate K-1s in TurboTax with figures in the first column on one, and another K-1 with figures in the second column? If I need to do that, what do I enter for Box 1?
This is really confusing.
