Question

Schedule K-1 - Box 11 - Codes

Forum|Forum|3 years ago
March 19, 2023
1 reply
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I am have a K-1 that I need to report, and I have "STMT" listed in "Box 11 Other income (loss)". On next page it states "I - Other income (loss) and the amount. So, I am assuming I need to specify "I" for the Code.

I am using a tax program and my options are:

https://www.dropbox.com/s/cmfayewfgcyfa79/options.png?dl=0

Which are basically a list from A to H, and then a choice of IA through II.

But, I can't specify a simple "I". Does anybody know what I need to choose?

M

Mike9241

call the partnership. I too had the same problem with k-1s with 11i numbers that were not further identified on the k-1, supplemental schedule, or even the cover letter so you are left guessing. if this is a publicly traded partnership calling tax package support won't help. you really need to talk to the firm that prepared the return. otherwise, you have to guess.