BillSittig
Level 2
03-18-2024
02:51 PM
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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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