You enter three K-1 entries into TurboTax. Your K-1 may be structured as follows where box 1 reports the total of the three entities but attachments break out the income by entity.
K-1 Main partnership A B
Box 1 1,000 500 200 300
During the first part of the K-1 entry, all the separate K-1s use the name, address, and EIN of the main partnership shown on the K-1 you actually received. Enter each additional Schedule K-1 just like the first. Capital information is only reported on the main partnership.
At the screen Choose Type of Activity, click This K-1 has more than one value in boxes 1, 2 and 3.
At the screen We see you have Section 199A income,
- You will click The income comes from the partnership that generated this K-1 for the main partnership,
- You will click The income comes from another business for the other two partnerships.
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