If you receive a K1 from a business (form1120-S) or partnership (form 1065) and it has income in both box 1 and box 2 then you need to create a second K-1 and put the amount from either box 1 or box 2 on that K-1. Then you can enter all of the rest of the numbers from the K-1 onto the form where they go.
@zakhariy_ratner