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Investors & landlords
Without knowing more about the entries you have in those boxes it is difficult to say which entry they should go on. You need to look at each amount and determine if it belongs to the rental or business income entry, then put it on the K-1 entry depending on which income type is being entered.
It could make a difference where you put the entries, especially if you have losses, as the deductibility of losses for ordinary income and rental income can be different.
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March 14, 2022
11:21 AM