How do I enter more than 1 K-1 in TT?

[Deepp]

Do you have amount filled in Boxes Ordinary Income, Rental Income, etc. on your K-1 that is triggering you to enter in your K-1 twice, or you just need to enter in a different K-1 into TurboTax. 

If latter of the two, you will simply go back and click Edit under your K-1 module, either select one of the three options,  (Partnership, S-Corp, Estate), click "Add" to enter in your new K-1. 

[Airpilot1]

DeepP replied: "Do you have amount filled in Boxes Ordinary Income, Rental Income, etc. on your K-1 that is triggering you to enter in your K-1 twice, or you just need to enter in a different K-1 into TurboTax."

My Reply: My K-3 lists four Foreign Sources, so I apparently have to do a K-1 for each of them.  How do I  generate four separate K-1's for one partnership?

[Deepp]

Looks like there will be 4 different column: Foreign branch (b), Passive (c), General (d), and other (e). If you have numbers in each column line 24 K-3, you will create each individual K-1s to input the information. 

Simply enter K-1 foreign branch (b) info first, leaving off the b, c, d, columns. Make sure to adjust off c,d,e numbers your column (g). Same with next screen, where it will ask you about line 54 information to input. 

Once completed with (b), you will create a K-1s for c-e, by clicking on Add button in summary screen, and only enter in the K-3 info for the other 3-K-1s, at the end you will have 4 different K-1 for same partnership. 

[Airpilot1]

Thank you for your reply.  One more question about multiple K-1's.  Aside from entering K-3 information into each of the four K-1's, what, if anything, do I enter for all the other boxes in the four K-1's?  Do I just leave them all blank except for the K-3 information from lines 24 and 54?

[Deepp]

That would be correct. Leave them blank, as you do not want to duplicate the entries. Look out for Supplemental to help you with lines 24 and 54. Only other thing that comes across my mind is box 21 (Partnership -1065). If you have a supplemental that breaks out foreign taxes paid per category than allocate each taxes paid amount accordingly. So at the end, your summation of the foreign allocated taxes paid equals to the amount on Box 21 (Partnership -1065). If it is not partnership then do let us know. 

[Airpilot1]

Thank you for your reply.

And, if my K-1 does NOT contain a supplement that breaks down line 21 Foreign Taxes Paid per K-3 category, then I assume I would list total Foreign Taxes Paid in my original K-1, and leave line 21 blank in the four K-3 driven K-1's, correct? 

In other words, I should NOT subdivide total Taxes Paid in line 21 arbitrarily if I don't have specific guidance from a supplement.  Instead, just list total Foreign Taxes Paid in the original K-1 Line 21.

[Airpilot1]

So, no further reply? 

[Deepp]

Apology for the delay. You are correct. Put them on the original and leave the other 3 blank.