What if my estate K-1 has more than one type of activity?

You'll need to enter your K-1 information as separate estates if it contains more than one of the following types of income:

• Box 6 - Ordinary Business Income (Loss)
• Box 7 - Net Rental Real Estate Income (Loss)
• Box 8 - Other Rental Income (Loss)

Example: Your K-1 has information in Box 6, Box 7, and Box 8. You would enter the activity amounts due to business income from Box 6 as one estate. Then you'd need to create a second estate to enter the activity due to rental real estate income from Box 7. And finally, you'd need to create a third estate to enter the activity due to other rental income from Box 8.

You would enter each of these estates with the same owner, EIN, name of estate, etc. on the Estate and Trust Income Information (Schedule K-1) screen.

You should treat each income activity separately. You'll also need to allocate any other amounts to the correct activity. Your K-1 should come with a statement to help you figure out how to allocate these amounts. Make sure you don't enter any amounts more than once.