Why is input from schedule k1 line 11 not reflecting on schedule e?

Forum|Forum|1 year ago
February 2, 2025
1 reply
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Is schedule e software not ready as of 2/2/2025?

Best answer by PatriciaV

VERSION TURBOTAX DESKTOP PREMIER TAX YEAR 2024 - WINDOWS DESKTOP

To complete the Box 11 Code ZZ, you will need to access the K-1 Addl Info worksheet using Forms Mode (available only in TurboTax for Desktop). After you open K-1 Partner for this investment, look for the QuickZoom button under Line 11.

This opens the additional info worksheet where you can enter a description and the amount for Code ZZ. Scroll down to Box 11 Code I, L to R, and ZZ: Other Income. The box for Line 11 should be red. This is the line to use for your entries.

Now go to Schedule E, p2, Line 18 column (k) should display the amount from Box 11 Code ZZ.

PatriciaV

Employee

Please clarify the Code used for Schedule K-1 Line 11. Some codes are handled differently than others.

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lewin-rob84Author

Box 11 CODE ZZ

DianeW777

The description for Box 11, Code ZZ is shown below. For this reason you must have a statement that accompanied your K1 to explain what the amount listed. If you are unable to locate the statement, please contact the company or person who provided you your K1.

Code ZZ. Other. Any other information you may need to file your tax return.
Form 1065-K1 Information

It's very common to have boxes that require explanation statements for the partners to know how to treat an entry on the tax return. Please update here when you have more information.

@lewin-rob84

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