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Entering partnership Schedule K-1 line 11 code I in an individual return in Lacerte

by Intuit Updated 3 months ago

Lacerte doesn't have a specific entry for line 11, code I, since it's used to report various other income. The firm who prepared the partner's K-1 should have included a description of what the income is and instructions for reporting it on the partner's tax return.

For more Schedule K-1 resources, check out our Tax topics page for Schedule K-1 where you'll find answers to the most commonly asked questions.

If the firm who prepared the K-1 didn't provide instructions:

  1. Go to Screen 20, Passthrough K-1s.
  2. Select the Partnership from the left navigation panel.
  3. Scroll down to the Separately Stated Income and Deductions section.
  4. Follow the steps below to enter the item as passive or nonpassive.

To report the income as passive:

  1. Locate the First Passive Item subsection.
  2. Select the Other (Ctrl+E) field.
  3. Enter a description and the amount.

This amount flows to Schedule E, page 2, line 28, column h.

To report the income as nonpassive:

  1. Select the Other nonpassive items (Ctrl+E) field.
  2. Enter a description and the amount.

This amount flows to Schedule E, page 2, line 28, column k.

Lacerte Tax 2022

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