Schedule K-1 with Multiple Activities

I have a Schedule K-1 with Box 1 ordinary Business Income and Box 2 Net Rental Real Estate Income. Also in Statement A - QBI Pass-through Entity Reporting, there are 2 columns with numbers. One column has the ordinary business income. The second column has the rental income and W-2 wages. I need help with the following. Thank you!

 

  • I understand that I need to create two K-1s in Turbo Tax. But for the numbers in box 4 to box 17, do I need to split the values or could I just fill the first K-1 with the numbers and leave these boxes blank in the 2nd K-1? I do not have the information to split the numbers.
  • When I created two K-1s, Turbo Tax also asked me to fill up two Form 7203. Is it possible to use one Form 7203 for both K-1s?
  • How should I answer the question "Is the business generated the Section 199A income a separate business owned by the S Corporation?" Basically our LLC invested in a project and received the money from the company that runs the project. I received money from our LLC, not from that company directly