DavidS127 your information so far has helped a lot.
I have a similar case and there is only one remaining doubt I have. You say that we should split the K-1 into separate K-1s for entry into TurboTax. The statement attached with my K-1 has all the information I need to split boxes 1-20 between main and pass-through entities but I do not know whether I should also split the information in Part II, section L of the K-1. In TurboTax, this information is requested in the screen Enter Capital Account Information".
In my case, the aggregated fake numbers are:
| Capital Contributed During 20XX | 10,000 |
| Current Year Net Income (Loss) | 8,000 |
| Ending Capital Account | 2,000 |
From the statement in my K-1 I can see how the loss was split but it doesn't say anything about the Capital Contributed so for this section I don't know if I should try to split the numbers or keep them aggregated and repeat them in each K-1 entry in TurboTax. Could you please help me figure out how to get this information correctly?
Thanks!
