What do you do K-1 boxes 1$2?

allen-chandler — Sat, 01 Jun 2019 07:36:05 GMT

When a K-1 has data in box 1 and 2 you treat it as two forms in turbotax. What about the boxes 4 through 20? do you enter them on "both" forms? example: Box1 XYZ LLC box 1, $100 and box 20 $100. then Box2 XYZ LLC box 2, $5000 and box 20 $100 or lave it blank?

You do not enter boxes 4-20 twice. Because there is infor...

MichaelL1 — Sat, 01 Jun 2019 07:36:07 GMT

You do not enter boxes 4-20 twice.

Because there is information in both Boxes 1 and 2, you will need to complete entries for one K-1 with all the information except for Box 2.

Then, Add Another K-1 but only include the amount in Box 2 (don't enter the rest of the numbers for that one).

topic What do you do K-1 boxes 1$2? in Business & farm

What do you do K-1 boxes 1$2?

You do not enter boxes 4-20 twice. Because there is infor...