Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- Two K-1's for ordinary and rental real estate income in SCorp
Two K-1's for ordinary and rental real estate income in SCorp
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Sam153
Level 1
06-26-2020
03:01 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
In an 1120S 2019 tax return, how do you complete the K-1(s) when you have ordinary income for line 1 of K-1 and rental real estate from Form 8825 for K-1 line 2?
Do we need to complete two K-1 Forms?
How is 199A info managed in this scenario?
Labels
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
1 Comment 1
MELEA
Level 1
06-26-2020
03:28 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Enter one K-1 with everything except Box 2. Enter a second K-1 with just the S-corp information and Box 1. I'm not sure how QBI gets handled, especially if one box has income and the other has a loss.
