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ronsper
New Member

K-1 with both business income and net rental income

I have entered both rental real estate income and business income in 2 separate forms on Turbotax.  I have done it exactly as Turbotax requested per the community support.  In the real estate K-1 on Turbotax, the rental income box is red (error) and Turbotax says this schedule is not done.  But I can't figure out why the error exists.  How do I make the error go away?

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2 Replies

K-1 with both business income and net rental income

you did enter only line 1 on one k-1 and only line 2 on the second k-1? 

 

ronsper
New Member

K-1 with both business income and net rental income

yes, in the first k-1 I did line 1 plus all of the other lines with information.  In the 2nd k-1 I just put the amount in Line 2 and didn't fill out any other lines except for the info in part 1 (Name, address, etc).  The name I gave it ended with "(net real estate income)"

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