I agree that you may not need the second K-1 schedule entry. If you can get the correct result by entering one K-1 schedule in TurboTax, then you should do that.
You need to keep in mind that the K-1 entry does not show on your tax return. It's purpose is to report your share of the business income and deductions to aid in your tax preparation. The IRS gets a copy of it, but they probably many use it to verify that the income entries in the first three boxes are reflected on your tax return.
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