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k-1

klprofes
Level 1

in part III OF K-1 HAVE AN AMOUNT OF ORDINARY INCOME OF 24,762

IN LINE 2 HAVE RENTAL REAL ESTATE LOSS OF -15,519

WHEN I INPUT BOTHS AMOUNT, THE PROGRAM TELL ME THAT I HAVE TO TAKE ONE OF THE OTHER

WE CALL ED THE PREPARER AND INFORM ME THAT IS THE WAY SHOULD BE DONE. AND THE PROGRAM TELL ME DIFFERENT

COULD YOU PLEASE HELP ME TO RESOLVE THIS MATTER

THANK YOU 

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1 Comment 1
Just-Lisa-Now-
Level 15
Level 15

You need to split it into 2 separate K-1s.

I generally include the Ordinary Income Box and all the other boxes together on one, then just the Rental Real Estate Box on the other.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪