You have to complete your Form 1065 for your business before you can finish your personal return. When you have finished your business return (Form 1065) you will have two Forms K-1 - one for each of you. You need to enter both of the K-1s in your personal return. If there are any differences between federal and state (such as depreciation) you may also need to make entries on your personal state return to adjust federal amounts.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
