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Investors & landlords
What to do for an partnership activity that is primarily real estate rental income that has a small amount of business income, i.e. Line 1 is tiny compared to Line 2. I would think you fill the first K-1 with Line 2 and all the other lines, but on the second K-1 only fill in Line 1.
Is this a correct approach?
March 27, 2022
7:23 AM