Skip to main content
Level 1
July 9, 2020
Solved

If I enter K-1 box 1 and box2 on two separate K-1 with same partnership name, should schedule E show it only once or twice

  • July 9, 2020
  • 1 reply
  • 9 views

Turbotax asking to fill K-1 box 1 and box2 on two separate K-1's with same partnership name, but on schedule E and on Form 8582  partnership and EIN showing up twice. Is it expected. Will there be an issue from IRS later.

 

Thanks

Best answer by

yes it will appear twice.    no the IRS will not have issues since different activities (line 1  and 2  are different activities) and there's a need to track activities separately.   

1 reply

Answer
July 9, 2020

yes it will appear twice.    no the IRS will not have issues since different activities (line 1  and 2  are different activities) and there's a need to track activities separately.