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Business & farm
with Turbotax, you must use 2 k-1s if you have entries on lines 1 and 2.
some other lines are generic so they can go on the first k-1. like interest income.
other lines pertain to both lines 1 and 2 or 1 or 2 and must be separated and entered on the appropriate k-1
this is true of QBI/Section 199A/form 8995 info
the line 20 details, perhaps contained in a separate schedule must be reported on their respective k-1s. you don't enter the total on each k-1. that will double up the reporting.
May 22, 2022
9:29 PM