So, on the original K-1, I enter the info from Parts 1 and 2. When I get to Part 3 (choose type of activity) I click only on business - box 1. I report the ordinary income. Then I get to the page where I check boxes that have an amount. Here, I do check box 16? But then when I get to the page to enter box 16 info. I enter only A, B, C, D, and G, leaving out 16E? Then on the second K1, when I check the boxes that have an amount, I only check box 16? Then, I fill in 16A again and 16E?
For the second and third K1 I skip over all pages other than for the variables you have already outlined?
