Business & farm


@DavidS127 wrote:

Enter the first K-1 with the box 1 income and all the other amounts except box 2 and box 3.  Then, enter the next two K-1s with box 2 and box 3, respectively.

 


 

No, not necessarily. Some of the entries in the other boxes may be applicable towards the "passive" income in Box 2.  Those entries would need to be entered with Box 2.  

 

If the OP does not know which of the other boxes apply to passive versus non-passive income, they need to ask the preparer of the K-1.