Bingo! You figured out my situation exactly: negative business income on line one, positive rental income on line two.
Followup question: which "number" from the statement A is my personal tax looking for? I only see 3 numbers in each of the two columns under "Shareholders share of QBI" - there are
a) the negative business income or positive rental income
b) W2 income
c) UBIA of qualified property
Which number should be entered on each K1? I assume that I should enter one, with a "V" on EACH of the two resultant K1s, correct?
(Extra credit question: there are only two other numbers on the original K1, a small positive number that is charitable contributions, and a small negative number that is AMT. Do I put these totals on only one of the two K1s, or do I split them between the two, or do I enter the whole number on each of the two K1s (which would make no sense)?)
Thanks again - I had no idea where to go with this one, and your help is so very welcome!
