ThomasM125
Expert Alumni

Deductions & credits

You may have to enter a separate K-1 schedule in TurboTax to report qualified business income (QBI) from each entity if reported separately on your K-1 schedule. To do so, you just need to make sure you don't duplicate any number entries, so your first k-1 entry may include more numbers than the other ones. On the supplemental K-1 entries, just report the QBI numbers that you didn't report previously. So, you are entering several K-1's reporting the same partnership name, ID number, and other identifying information, but with separate QBI entries, in this case.

 

A schedule K-1 entry will transfer to schedule E page 1 if it reports rental income. Otherwise it will be reported on schedule E page 2, so you may be looking on the wrong schedule E for the entry from your first K-1.

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