Business & farm
When you say "For any box that had a check mark in it from when I made my 1st pass with TT", by 1st pass at the screen Choose Type of Activity, did you select This K-1 reports amounts in more than one of boxes 1,2 and 3? Or did you do something else? Please clarify.
See here.
If your K-1 reports amounts in more than one of box 1, 2 or 3, the partnership is involved in more than one type of activity. Each activity needs to be reported separately in TurboTax.
- Enter the business activity amount, box 1, on one K-1
- Enter real estate rental activity amount, box 2, on another K-1.
That will correctly report the two separate activities.
