K1, I have boxes one and three checked

[propower888]

I have a K-1 from DKL DELEK logistics. This is the first K1 I've ever had to enter.   This was holding that I actually bought and quickly sold because it has a K-1 and actually was surprised that I got a K-1. 

OK so as I was entering the data, I got to the point where it asked me if I had amounts in boxes one and three and I said yes and then it said I had to enter 2 separate K1s for this. So for those who have done this before if I do this and enter the same company name, do I enter all the values from the K1 the same each time or do I somehow discriminate between them. And lastly, how does the program know not to just double all the contributions and losses for this holding? Thanks much.

[DavidD66]

You do not enter everything twice.  You only enter each item (other than name, tax ID, etc.) once.  You enter everthing related to Real Estate income/loss as one K-1 entry, and everything else on the other entry.  If you're not sure what's what, enter everything but box 3 as one entry, and make another entry for box 3 (or visa versa).