topic How do I file multiple K1s when I have a value in box 1 and 2 but also values in categories D and E in box 16? in Business & farm

How do I file multiple K1s when I have a value in box 1 and 2 but also values in categories D and E in box 16?

swim-dr — Tue, 04 Jun 2019 19:27:56 GMT

Do you have entries in box 16 L or M?

rogge1722 — Tue, 04 Jun 2019 19:27:57 GMT

Do you have entries in box 16 L or M?

No, I have A B C D E and G

swim-dr — Tue, 04 Jun 2019 19:28:01 GMT

No, I have A B C D E and G

So, on the original K-1, I enter the info from Parts 1 an...

swim-dr — Tue, 04 Jun 2019 19:28:02 GMT

So, on the original K-1, I enter the info from Parts 1 and 2. When I get to Part 3 (choose type of activity) I click only on business - box 1. I report the ordinary income. Then I get to the page where I check boxes that have an amount. Here, I do check box 16? But then when I get to the page to enter box 16 info. I enter only A, B, C, D, and G, leaving out 16E? Then on the second K1, when I check the boxes that have an amount, I only check box 16? Then, I fill in 16A again and 16E?

For the second and third K1 I skip over all pages other than for the variables you have already outlined?

Yes, the idea is that all amounts are entered only once,...

rogge1722 — Tue, 04 Jun 2019 19:28:04 GMT

Yes, the idea is that all amounts are entered only once, but in the appropriate k-1. !6A is the name of the country and should not be an issue.

That's great. You have been so helpful. Thank you for s...

swim-dr — Tue, 04 Jun 2019 19:28:05 GMT

That's great. You have been so helpful. Thank you for sharing your time and knowledge.

On the original K-1, delete box 2 and box 16E. Leave the...

rogge1722 — Tue, 04 Jun 2019 19:28:07 GMT

On the original K-1, delete box 2 and box 16E. Leave the remaining entries as is. This K-1 is for business ( box 1) and passive category only.

Bring up a new K-1. Fill in Part 1. Ignore Part 2. In Part 3, insert the country in 16A and the amount into 16E. This is for general category only.

Bring up another new K-1. Fill in Part1. Ignore Part 2. In Part 3, insert the amount into box 2. This is for rental income only.