K-1 from a apartment rental partnership

[rleaf]

We have a K-1 form from a partnership that rents apartments. It has a small loss in box 1 that came from operational expenses not attributed to any specific apartment, then revenue in box 2. I am using TurboTax Deluxe Desktop PC, and it makes me enter the K-1 twice, once for the box 1, second time for the box 2. I am confused when should I enter values in boxes 14, 17, 19, 20. Should I do it only once on the revenue side, or should I enter it on both forms. I think TT is doubling up something if I do the latter.

[ThomasM125]

No, you don't enter any of the numbers twice. Most likely the amounts in box 14 to 20 apply to the rental activity, if so you should enter those on the K-1 entry where you report the rental income. If you know any of those entries apply to the loss reported in box one, however, you would enter them on that K-1 schedule.

[Mike9241]

TurboTax cannot handle a K-1 when there are amounts on more than 1 line of lines 1 through 3. Each must be entered on a separate K-1. Line 14 relates to line 1, line 17 could relate to either line 1 or 2(irrelevant unless you are in the alternative minimum tax Form 6251). Box 19 is irrelevant. TuboTax doesn't use it for anything. Line 20 should have a separate breakdown for line 20Z for lines 1 and 2. There could be other amounts on line 20 that relate specifically to one activity, but not the other