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K-1
I have a K-1 from a Trust. the Trust is in the business of managing Oil and gas mineral rights. The K-1 shows Oil and Gas Royalties on line 5, Oil&Gas Leases on line 7 and Depletion deductions on line 9. I have entered this as a single K-1.
After entering these, I note that the line 7 income and line 9 deductions are not carrying forward to Schedule E and thus Schedule 1
Do I need to enter the 3 lines as separate K-1's
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March 29, 2022
9:52 AM