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Allow Form 1040 K-1 data entry of Boxes 1, 2, and 3 into a single K-1 Worksheet

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Allow Form 1040 K-1 data entry of Boxes 1, 2, and 3 into a single K-1 Worksheet

Allow Form 1040 K-1 data entry of Boxes 1, 2, and 3 into a single K-1 Worksheet

Allow K-1 data entry of Boxes 1, 2, and 3 to be on the same K-1 Worksheet.  The current method requires a separate K-1 Worksheet for each of the three entries.  For clients that have multiple K-1s, this is quite cumbersome and inefficient.  Thanks.

2 Comments
Level 15
Level 15

I generally do Box 1 and all the other boxes on one K-1, the the Box 2 on one by itself....but I agree, not sure why we need to use multiple K-1s for boxes 1 and 2.

Level 12

The problem is that if they are on the same worksheet, then for most of the other boxes you would need to tell the program if it is passive or non-passive.   

The benefit of putting them on separate K-1s is that for the other boxes you put the ones the apply to the non-passive income with the Box 1 K-1, and the other boxes that apply to passive income to the Box 2 K-1.