The issue is that Turbotax does not explain or ask if boxes 21 or 22 are checked on the K-1 1065 form. If it did it would be able to advise people as to how to enter part III for each of the activities. 21 and 22 tell you to see the attached SUPPLEMENTAL STATEMENT listing all activities and showing Box 1 thru 20 for each.
My K1 has 3 activities. 2 of them are sub partners. Turbotax does not allow filling out all 3 under the same K-1.
If i fill out 3 separate K-1... Parts I and II pertain to the 3 entities as ONE.
Do I fill out Part I and Part II on each of the K-1 forms or just one one of them? Again the amounts in Part II apply to all 3 as if they were one and I have no way of knowing how my capital was allocated.
Thanks for the help!
