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Level 1
Jun 5, 2019 12:32 AM UTC
Question

Help with K1 section 11

Problem with Code I. Wants me to fill other income and it can't figure it out

4 replies

Alumni - Intuit
Jun 5, 2019 12:32 AM UTC

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
Jun 5, 2019 12:32 AM UTC
IRC 731 GAIN