How do I enter multiple 1065s from one partnership

[k2021b2021]

I have multiple trading accounts where I bought the same ETF. I sold the ETFs and received multiple 1065 forms for the K-1 Partnership. Do I enter each 1065 separately in TT or do I combine them as one entry for the Partnership/k-1 Entry screen? TT seems to want just one K-1 partnership per entry (Proshares in this case) and one set of entries for that partnership. So, do I combine the entries from the five 1065s that I have or make 5 Partnership entries and fill out each one separately?

[JamesG1]

Are you saying that you received five K-1's for the same ProShares partnership?  That is the way that I am reading the sample ProShares K-1 package here. 

If you received the five K-1's, how does the information in Part II of each K-1 differ?  If these are five different purchases, I assume that J, K and L entries differ from one another?  

[k2021b2021]

Yes - the 1065s are for the exact same ETF ticker. Part II and Part III are different. First off, I forgot to mention that several of these are either Roth or Traditional IRAs. So, can I just ignore reporting those specific 1065s - they should be tax free, correct?  For the other two (taxable trading account 1065s), I am specifically referring to Section III that includes Box 5 (Interest Income), Box 11 (Other Income), and Box 13 (Other Deductions).  Do I combine the entries and just have the Proshares K-1 listed once in TurboTax or do I have two separate K-1s listed for Proshares on the K-1 screen and treat them like they are totally separate entities?

[MaryM428 · Accepted solution]

You do not report K-1's issued to an IRA.  You can combine the the two entries, if they have the same EIN,

But it is better to enter each K-1 separately.