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Get your taxes done using TurboTax
@DavidS127 I am dealing with a K-1 from a partnership that I work for for the first time in 2020 so your response above was helpful. The Statement A has three entities listed (one of which is the partnership that provided the K-1 and two are entities are businesses owned by the partnership). I understand that I need to split the K-1s in TT to account for this but I am not sure which values to put in for the other K-1s (that don't really exist). All of the values on the actual K-1 appear to the aggregate from all these entities so am I supposed to split them out somehow or if not it seems like they would be double counted. Maybe I'm missing something or making this more complicated but any guidance is appreciated.
‎April 30, 2021
12:41 PM