Just to confirm and summarize my understanding for this situation:
- Company X sends me a K-1 with $100 in Box 1
- Statement A shows Company XYZ income of $130 and Company ABC lose of $30
In TurboxTax, I need to create two K-1
- Use Company XYZ information and put $100 in Box 1
- Still use Company XYZ information and put -$30 in Box 1
Is this correct @AmyC ?
