Do I need to complete the Schedule E section?

[ionedes]

    I just have a question. If I include my information from my Schedule K1 (form 1120-S) using Turbo Tax in the section- under Wages and Income -Schedule K1 box 2 do I also have to report this same information again in the Schedule E section? 

     I receive rental income every month from a commercial real estate property that we lease.  I am a 50% ownership s corporation shareholder.  

     My question is should I also report this same information again on the Schedule E section? Do I need to touch the Schedule E section at all?

[DawnC · Accepted solution]

No, when you enter the K-1 in the Wages & Income section, TurboTax will automatically generate the Schedule E from there.   After you enter the K-1 where you described, you can print or view your tax return to verify the Schedule E was generated.