Welcome back! Ask questions, get answers, and join our large community of tax professionals.
Showing results for 
Search instead for 
Did you mean: 

K-1 with box 1,2 and 5-20 (Form 1065)

Level 4

 I am working on Blackstone PTP which has amounts in box 1,2 and 5-20. I know I have to create a new worksheet for 1 and 2 ( they cannot be on same k-1 worksheet). My question is for the other boxes 5-20, should I enter amounts on the k-1 (box 1) worksheet or box 2 worksheet or create a new worksheet.?Blackstone does not indicate if boxes 5-20 are for business income or rental real estate. I get different answer if I put boxes 5-20 on box 1 worksheet vs box 2 worksheet due to passive losses. 

Labels (1)
0 Cheers
1 Reply 1
Level 11


** I'm still a champion... of the world! Even without The Lounge.
0 Cheers