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Level 1
June 5, 2019
Question

Help with K1 section 11

  • June 5, 2019
  • 4 replies
  • 23 views
Problem with Code I. Wants me to fill other income and it can't figure it out

4 replies

Level 15
June 5, 2019

On the K-1, line 11, code I is Other income.  Somewhere on your K-1 there should be a statement with additional information.  It might be at the bottom of the K-1, or on a separate sheet.

If we know what generated the "Other income" then we can figure out where it goes in your tax return.

Level 2
June 5, 2019
IRC 731 GAIN