@Kozyt What error? Here's an example of why TT can't split a K-1 automatically, or report everything on a single K-1:
- Line 1 is an Ordinary business loss of -2000
- Line 2 is rental income of $500
- Line 10 is a gain of $1000
How should line 10 be allocated? Does it apply to the Ordinary Business? If so, $1000 of those losses would be released and $1000 suspended. Or does it apply to the rental side? Then, all $2000 of the line 1 losses are suspended.
This is why the values need to be split, and the split can't be done by a computer's formula.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
