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My problem is how and where do I enter the DE activity, Ordinary Business Income, to show up on the Partner K-1 Attachments, separate from the Ordinary Business Income activity of the Rental Real Estate Partnership (Management & Administrative activity)? K-1, Part III, Line 1. Majority of operations related to the Rental Real Estate activity is reported on Line 2.
Additionally, when I show the results of operations for the enterprise, can I populate both Lines 1 & 2 on each Partner's K-1 (on the same K-1?)
Thanks,
Bill Sittig, CPA
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dd4vols
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can I populate both Lines 1 & 2 on each Partner's K-1 (on the same K-1?)
no..can't be on the same K-1 input wks. I make up a 2nd K-1 input sheet (same FEIN, etc) and call it "Widget Enterprises LLC Rental" , and has worked for years..
