I have a real estate investment K1 with Box 1 and Box 2 checked. I believe I need to enter TWO separate K1s. Box 2 #s are larger than the Box 1. How do I fill the forms?

What is the nature of the business (and your investment)?

Line 1 is ordinary income(loss) and could be entered by itself while box 2 would entail the population of other lines on your K-1 (entered with Box 2) or vice versa; it depends.

It is a real estate investment.

Everything related to the investment in real estate should be entered on the same K-1 in TurboTax as Box 2.

Box 1 can most likely be entered by itself on the second K-1.