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Level 1
posted Aug 16, 2023 8:12:24 AM

K-1 with multiple Part 3 entries

My K-1 has entries boxes 1,2 and 3 in Part III.  I understand that I need to input three separate K-1s to capture this.  I also have entries in boxes 9a, 13a &h  , 19a and several under 20.  Does it matter which K-1 reflects these additional entries?  Thank you!

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2 Replies
Level 15
Aug 16, 2023 8:47:13 AM

other than box 20 put on them on the first k-1.  20 may have info specific to each of the boxes 1, 2 and 3 such as QBI info or maybe not at all. you may have a schedule for them either on the back of the k-1 or some supplemental form.  if not add to this thread the line numbers line 20H10 and the description. amounts are not necessary

 

Level 1
Aug 16, 2023 11:36:18 AM

Very helpful...thank you!!