ThomasM125
Expert Alumni

Investors & landlords

Line 2 is clearly rental income. Box 13 may include property tax for the rental. Everything else would "normally" be non-rental items. 

 

You would have to do some research to verify this, however, since most of the entries you are dealing with could pertain to the rental activities, but likely not. I suggest you read through the literature that may have been attached to the K-1 and see if you can discern what each item is for and that may help you determine if it is associated with the rental.

 

Otherwise, enter one schedule K-1 for the rental, box 2 and maybe 13, and everything else as normal business income. 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"