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Entering partnership Schedule K-1 line 11 code I in an individual return in ProConnect Tax
by Intuit• Updated 1 year 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:
- Go to Input Return ⮕ Income ⮕ Passthrough K-1's ⮕ Partnership Info (1065 K-1)
- Select the Less Common Scenarios tab.
- Scroll down to the Separately Stated Income and Deductions section.
- Follow the steps below to enter the item as passive or nonpassive..
To report the income as passive:
- Locate the First Passive Item subsection.
- Select the Other field.
- Enter a description and the amount.
This amount flows to Schedule E, page 2, line 28, column h.
To report the income as nonpassive:
- Enter amount into the Other nonpassive items field.
- Enter a description and the amount.
This amount flows to Schedule E, page 2, line 28, column k.
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