@jkm88 The issue you're running into is the tax code requirement that "You can deduct a prior-year unallowed loss from the activity up to the amount of your current-year net income from the activity."
"Rental" activity is considered different, to the IRS, than "Ordinary" activity. So they require that you account for them separately so that the losses from one aren't recognized in the future unless the same activity generates income. TT implements that by requiring separate K-1s.
Only you, or the partnership, will know which activity all the other entries on the K-1 relate to, so you'd have to make the decision on which K-1 to use for each (or how to split them). TT / the forum can't do that for you. Similarly, the decision to combine last year's box 1 into the "rental" bucket may have been a mistake, or your accountant's taking the position that they were somehow related in an way that's acceptable to the IRS.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
