I have a K1 that has a business loss (box 1) and a rental gain (box 2). I have tried entering several ways since Turbotax says to to create 2 K1s.
If I enter the business loss on one K1 and the corresponding items in box 17 with the info just relating to the loss, and then do the other K1 with the gain and related gain in box 17, the QBI and deduction does not match my shareholder basis sheet.
I tried doing separate with each filled out completely and it doubled the QBI.
If I only enter 1 K1, then all the numbers match my shareholder basis sheet but Tubotax says I have to do them separately.
Each method produces a different amount of tax owed.
Sorry if this is confusing, but I am confused.
Thanks
DC
