How to enter (1065) K-1 box 11 code B in PTO?

K-1 (1065) box 11 code b need to go on form 4684 line 34. How to accomplish that in PTO?

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Level 15

11b indicates an involuntary conversion. You would need to do this as a separate entry in the dispositions screen for the casualty loss. You may have to be creative for things like dates to make it long term. Follow the 1st set of steps for a personal loss https://proconnect.intuit.com/community/individual/help/how-to-enter-a-casualty-or-theft-for-form-4684/00/5256

Answers are easy. Questions are hard!

Level 15

11b indicates an involuntary conversion. You would need to do this as a separate entry in the dispositions screen for the casualty loss. You may have to be creative for things like dates to make it long term. Follow the 1st set of steps for a personal loss https://proconnect.intuit.com/community/individual/help/how-to-enter-a-casualty-or-theft-for-form-4684/00/5256

Answers are easy. Questions are hard!

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