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

by Intuit Updated 10 months ago

The software 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.

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

  1. Go to Input Return  Income  Passthrough K-1's  Partnership Info (1065 K-1)
  2. Select the Less Common Scenarios tab.
  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 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. Enter amount into the Other nonpassive items field.
  2. Enter a description and the amount.

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

ProConnect Tax

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