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Schedule K-1, line 11ZZ question

davidr
Level 1

I am dealing with a K-1 that has income in box 1 and a loss in box 2.

Box 11, code ZZ shows a small amount of income. In the footnotes it describes this as "OTHER ORDINARY INCOME."

Is it most appropriate to add this to the box 1 amount, or to enter it as a "Other" passive item under "Less Common Scenarios" - "Separately Stated Income and Deductions?" If I do the latter, it flows onto line 28 of Schedule E as a separate entry.

Any help would be appreciated. It seems that 11ZZ is new this year.

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1 Comment 1
sjrcpa
Level 15

I would do the latter.

The more I know, the more I don't know.