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If I enter K-1 box 1 and box2 on two separate K-1 with same partnership name, should schedule E show it only once or twice

Turbotax asking to fill K-1 box 1 and box2 on two separate K-1's with same partnership name, but on schedule E and on Form 8582  partnership and EIN showing up twice. Is it expected. Will there be an issue from IRS later.

 

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Accepted Solutions
Anonymous
Not applicable

If I enter K-1 box 1 and box2 on two separate K-1 with same partnership name, should schedule E show it only once or twice

yes it will appear twice.    no the IRS will not have issues since different activities (line 1  and 2  are different activities) and there's a need to track activities separately.   

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1 Reply
Anonymous
Not applicable

If I enter K-1 box 1 and box2 on two separate K-1 with same partnership name, should schedule E show it only once or twice

yes it will appear twice.    no the IRS will not have issues since different activities (line 1  and 2  are different activities) and there's a need to track activities separately.   

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