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Level 1
posted May 7, 2021 8:26:47 AM

Help with K-1

Greetings, my wife and I are small partners in a community art cafe that also has two apartments for resident visiting artists.  We received the following K-1 from the partnership.  Any help is appreciated entering this into TT Deluxe.  From what I have seen, it appears that I may need to enter as two K-1s because of entries on Lines 1 and 2 of Part III?  Any help is appreciated.

Thanks!

 

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1 Replies
Expert Alumni
May 8, 2021 11:19:49 AM

Yes, you must split it and enter it twice. Please see this LINK.