K1, I have boxes one and three checked

propower888 — Wed, 18 Mar 2026 23:02:42 GMT

I have a K-1 from DKL DELEK logistics. This is the first K1 I've ever had to enter. This was holding that I actually bought and quickly sold because it has a K-1 and actually was surprised that I got a K-1.

OK so as I was entering the data, I got to the point where it asked me if I had amounts in boxes one and three and I said yes and then it said I had to enter 2 separate K1s for this. So for those who have done this before if I do this and enter the same company name, do I enter all the values from the K1 the same each time or do I somehow discriminate between them. And lastly, how does the program know not to just double all the contributions and losses for this holding? Thanks much.

Re: K1, I have boxes one and three checked

DavidD66 — Wed, 18 Mar 2026 23:42:11 GMT

You do not enter everything twice. You only enter each item (other than name, tax ID, etc.) once. You enter everthing related to Real Estate income/loss as one K-1 entry, and everything else on the other entry. If you're not sure what's what, enter everything but box 3 as one entry, and make another entry for box 3 (or visa versa).

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K1, I have boxes one and three checked

Re: K1, I have boxes one and three checked