@Molly708276
Partnership K-1 has entries in both box 1 and box 2? Was the K-1 entered as two entries, one for box 1, one for box 2?
At the screen Choose type of activity, click This K-1 reports amounts in more than one of boxes 1, 2 and 3.
The screen displays:
Since your K-1 reports amounts in more than one of boxes 1, 2, or 3, the partnership/LLC is involved in more than one type of activity. You should treat each activity separately in TurboTax.
Enter the business activity amount, box 1, on one K-1
Enter real estate rental activity amount, box 2, on another K-1
Enter other rental activity amount, box 3, on a third K-1.
This will allow TurboTax to properly track your loss carryovers. This is especially important if you ever sell your interest. For all amounts reported following Box 3, look for a statement attached to your K-1 to help you allocate these amounts to the proper activity.
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