Reporting partnership portfolio income in the Individual module of ProConnect Tax

While ProConnect Tax has an input field for Line 1A, this will appear as "Other Portfolio Income" on the Schedule E. In some cases you may wish to report it separately from the K-1, or with a different description.

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.

Follow these steps to report the amount on Schedule 1:

1. From the Input Return tab, go to Income ⮕ SS Benefits, Alimony, Miscellaneous Income.
2. Scroll down to the Alimony and Other Income section.
3. Select the Other income (Click on button to expand) box.
4. Enter the Description and Amount.
5. Click OK.

Follow these steps to report the amount with a different description on Schedule E:

1. From the Input Return tab, go to Income ⮕ Passthrough K-1's ⮕ Partnership Info (1065 K-1).
2. Across the top, select the Less Common Scenarios tab.
3. Scroll down to the Separately Stated Income and Deductions section.
4. Locate the First Passive Item subsection.
5. Click on the Other (Click on button to expand).
6. Enter the Description and Amount.
7. Click OK.