[{"data":1,"prerenderedAt":7},["ShallowReactive",2],{"faq-standard-7712":3},{"rec_id":4,"title":5,"text":6},"7712","What if my partnership K-1 has more than one type of activity?","You'll need to enter your \u003Ci>K-1\u003C/i> information as separate partnerships if it contains more than one of the following types of income:\n\u003Cul>\n\u003Cli>\n\u003Cb>Box 1\u003C/b> - Ordinary Business Income (Loss)\n\u003C/li>\n\u003Cli>\n\u003Cb>Box 2\u003C/b> - Net Rental Real Estate Income (Loss)\n\u003C/li>\n\u003Cli>\n\u003Cb>Box 3\u003C/b> - Other Net Rental Income (Loss)\n\u003C/li>\n\u003C/ul>\n\u003Cb>Example\u003C/b>: Your \u003Ci>K-1\u003C/i> has information in \u003Ci>Box 1\u003C/i>, \u003Ci>Box 2\u003C/i>, and \u003Ci>Box 3\u003C/i>.\nYou would enter the activity amounts due to business income from \u003Ci>Box 1\u003C/i> as one partnership. Then you'd need to create a second partnership to enter the activity due to rental real estate income from \u003Ci>Box 2\u003C/i>. And finally, you'd need to create a third partnership to enter the activity due to other rental income from \u003Ci>Box 3\u003C/i>.\n\u003Cbr>\u003Cbr>\nYou would enter each of these partnerships with the same owner, EIN, name of partnership, etc. on the \u003Ci>Partnership or LLC Income Information (Schedule K-1)\u003C/i> screen.\n\u003Cbr>\u003Cbr>\nYou should treat each income activity separately. You'll also need to allocate any amounts shown after \u003Ci>Box 3\u003C/i> to the correct activity. Your \u003Ci>K-1\u003C/i> should come with a statement to help you figure out how to allocate these amounts. Make sure you don't enter the amounts shown after \u003Ci>Box 3\u003C/i> more than once.",1777391488221]