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Multiple pass-through rentals
Currently in my 1065 K1 schedule, I have both Box 1 (ordinary business) and Box 2 (rental) checked. I understand that it is necessary for me to enter the K1 twice.
However, under section 199A info Box 20 Code Z, there are 3 different line items lists - 1 ordinary income for the partnership and 2 pass-through rentals. Does that mean I actually need to enter 3 different K1 entries in Turbotax for this partnership?
May 8, 2022
8:58 PM