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K1 passive income - number of forms
I received a K1 which has Box 1 - business income/loss and Box 2 - rental income populated with losses and there is some distribution as well. All the income is passive income category. From Turbotax, it seems I need to file 2 K1s, but in that case, I dont know how to divide the distribution amount as there is no split available / provided.
Is there a way to file 1 K1 only and hence not worry about figuring out the split ?
March 22, 2022
7:43 PM