I have stock in the S-Corp that I work for. I have a question about the K-1.
Since we have both K-1 business income (loss)- LINE 1 and real estate
income- LINE 2, instructions say to complete two K-1 forms, one for each:
like two separate operations.
Since there is only one set of entries for interest income- LINE 4,
dividends- LINE 5A, gain(loss)- LINE 9 other deductions- LINE 12 and LINES
16, 17, do I enter these on each of the K-1's?
Thank you,
Steve C
