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
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.
