I have received a 2021 K-1 with values in both Boxes 1 and 2 (value in box 1 is approx. $10,000 and value in box 2 is -$75).
It seems ridiculous that TT wants me to enter as two forms. From reading related posts, it seems like in the second for Box 2 you do not duplicate any values. So why not handle as one?
The reason they give is so that they can track values for you (which they could do with one form). The question is: if you don't care about TT tracking values for you, is it okay to just enter the form once?
