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Level 3
March 3, 2026
Question

Schedule K-1 Box 11 Code A

  • March 3, 2026
  • 2 replies
  • 189 views

My Issue is that I have it as other income and description is Misc Income for $4.  The $4 shows up in Schedule Q as REIMC.  It was automatically going to REIMC and I unclicked it.  Turned it to my own description and still won't apply.  HELP!

    2 replies

    Mike9241
    Level 15
    Level 15
    March 3, 2026

    If the partnership held a residual interest in a real estate
    mortgage investment conduit (REMIC), it’ll report on the
    statement your share of REMIC taxable income (net loss)
    that you report in column (d) of Schedule E (Form 1040),
    line 38 - line 1b of Sch Q. The statement will also report your share of any
    excess inclusion that you report in column (c) of
    Schedule E (Form 1040), line 38 - line 2c of Sch Q, and your share of
    section 212 expenses that you report in column (e) of
    Schedule E (Form 1040), line 38.- line 3b of Sch Q

     

     

    in Turbotax you need to complete the sub-schedule for 11A items 

    since you have only income reported it would go on line 1 of the subschedule,

    which will carry it to line 38 column d

     

    Mike9241
    Level 15
    March 3, 2026

    After entering the amount on line 11a of your K-1 you should check the box for "I Have Another Description Item".  Enter "Misc. Income" as the description.  Note that below that the program says "Amounts entered here may also need to be entered elsewhere in TurboTax.".  Now you need to enter the $4 miscellaneous income in TurboTax as follows:

     

    • Go to Wages & Income
    • Locate "Less Common Income, Home sale, cancelled debt (1099-A, 1099-C") ... etc."
    • Scroll down to "Other misc. income"
    • Select Other "reportable income" and click on Start
    • Answer Yes to "Any other taxable income?"
    • Click on the blue Add button
    • Enter a description and amount  

     

     

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