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Yes, you enter the income and expense only once, however you must enter the ordinary income and rental income on separate K-1s and you enter the demographic information in boxes A through D on both K-1's. Generally it does not matter which K-1 you use to enter the other income and expense information.
Yes, you enter the income and expense only once, however you must enter the ordinary income and rental income on separate K-1s and you enter the demographic information in boxes A through D on both K-1's. Generally it does not matter which K-1 you use to enter the other income and expense information.
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