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Level 5
September 10, 2020
Solved

k-1 for PTP

  • September 10, 2020
  • 1 reply
  • 13 views

 I am working on Blackstone PTP which has amounts in box 1,2 and 5-20. I know I have to create a new worksheet for box 1 and box 2 ( they cannot be on same k-1 worksheet). My question is for the other boxes 5-20, should I enter amounts on the k-1 (box 1) worksheet or box 2 worksheet or create a new worksheet.?

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Best answer by Accountant-Man

I enter all info on the k1 with ordinary income unless it is related to line 2, rental real estate, like depreciation. 

1 reply

Accountant-Man
Level 13
September 10, 2020

I enter all info on the k1 with ordinary income unless it is related to line 2, rental real estate, like depreciation. 

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