1065 K-1, Part III, Box 11 I Other income

[linduca1216]

How do I enter Box 11-I from 1065 K-1?  Sec 988)

Just enter directly onto "Other income" on 1040?

Thanks~

[Just-Lisa-Now-]

If you use the Quickzoom button below Line 11, you'll find a list of the different types of income that can appear. Should be a page with supplemental information so you know what type of "other income" it is, you can click the yellow ? mark button, I found sec 988 in there.

[Terry53029 · Accepted solution]

Yes, as most gains from foreign currency transactions are taxed as ordinary income 

[linduca1216]

Yes, but it didn't flow to any schedule... (I showed it as "other" and provide the explanation... Sec988 Gain.