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Thanks for the helpful information. On which K-1 would you place the information in Box 5 (Interest Income)?
Actually what works best is on the first K-1 entry you enter everything EXCEPT box 2 and on the second K-1 ONLY box 2 ... since both forms have the same EIN they are married by the program automatically.
Many thanks.
Have a good one.
what about boxes 5, 6, and 7? Do they go with box 1 or 2, or does it not matter
It does not matter for Boxes 5,6,or 7- TurboTax will put them in the correct place on the 1040.
Wow This is a MAJOR deficiency in Turbo Tax. The forms that are sent by the Funds themselves are straightforward. Why cant they just make a single form that handles both types 1 and 2. I think there must be a better answer such as they seperate passive and non-passive income. In which case the whole process should be automated and Turbo Tax should figure it out for you.
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