No, you do not enter the rest of the information in both K1 entries in TurboTax. All of the other boxes that have an entry should be entered into only one of the K1s. I suggest you enter all in the K1 that has the Box 1 information. For the second K1 entry use it only for the amount in Box 2.
This keeps the income or loss from Rental Real Estate separate and identifiable from the other income. It has special rules if a loss occurs.
@Dnicol2989
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