KathrynG3
Expert Alumni

Business & farm

Report the income in both places.  However, Box 14 also will report (if any) special treatment depending on your circumstances. Box 1 is your share of the ordinary income (loss) from trade or business activities of the partnership.

 

Per IRS Schedule K-1 Form 1065 Instructions, page 7 and 132019 IRS Schedule K-1 Form 1065 Instructions

TurboTax Business helps you sort out your details and properly report the activity for the year.