Seeking Proconnect workflow advice for K-1 Box 2 with mixed rental types (commercial, self-rental, land)

[SSURANICPAPLLC]

I’m looking for practical advice from anyone who has handled K-1s that report rental real estate income or loss in Box 2 when the partnership owns multiple types of rentals (commercial, self-rental, vacant land, etc.). Our current problem:
• The K-1 reports a single Box 2 amount that actually represents different activity types.
• ProConnect does not let me allocate portions of Box 2 to different activity types when entering the K-1. I have to manually split the K-1 into multiple K-1 entries so I can route amounts correctly on the 1040 as passive vs nonpassive.
• Splitting the K-1 creates bookkeeping and tax headaches, especially around allocating overall basis across the underlying properties. TIA

[Intuit_Kallana]

Depending on your client's specific situation, you may be able to use the Separately Stated Income and Deductions screen.  You get there by going to Passthrough K1s---> Partnership Info --->Less Common Scenarios.  That screen gives you options to show passive and nonpassive items that are reflected on the same K-1 without splitting the K-1 into multiple K-1s.  If you need further assistance, please feel free to give our support line a phone call.  However, here is a screenshot of what that screen will look like for you.

[SSURANICPAPLLC]

I contacted the support line, but it wasn’t helpful. They suggested splitting the K-1, which doesn’t address the issue. Could you please provide a direct phone number for someone knowledgeable who can assist me properly?

[Intuit_Kallana]

Unfortunately, we do not have direct phone numbers for our support agents and they are not tax preparers.  So, you will have to know what you need the system to do as they will not be knowledgeable in regards to that aspect they can only help locate data entry spots for you.  As previously stated you can use the Separately Stated Income and Deductions screen.  Here is an article that will give you instructions of how to get to the input spot.

https://accountants.intuit.com/support/en-us/help-article/federal-taxes/entering-separately-stated-i...