I have a K-1 where Box 1 and 2 has some info. Box 1 has $0, and Box 2 has -$146. There are also positive numbers on box 5, 13, and 20. I understand that when you have info on Box 1 and 2, one will create one K-1 with all info on box 1 and all the other boxes (5, 13, 20), then another K-1 with just Box 2.
In this case where Box 1 is zero, do I need to create the K-1 for Box 1? or can I enter all the info of Box 2, 5, 13, 20 in one K-1?
You can enter the info of all boxes in one K-1.
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