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Level 2
June 4, 2019
Question

How do I resolve conflict with K-1 Code I and Code F

  • June 4, 2019
  • 3 replies
  • 19 views

I entered K-1 form 1065 info--Code I Other (line 6) with other descriptions which total $95.  During error checking step, TT caught where Code I (line 7) Total for box 11, code F is set as $82.  I don't know how $82 got assigned while I originally entered $78 for Section 951A Income, and I can't seem to change the value.   How do I resolve this conflict?

3 replies

Level 15
June 4, 2019
Is the K-1 from a partnership, S-Corp or Estate/Trust?  
To recap, you have entries in box 6 with Code I and box 11 with code F?
Rolland-HAuthor
Level 2
June 4, 2019
I have entries in box 11, code I, line 6 (total $95), and I believe box 11, code F, line 7 ($82 in form - although I thought I entered $78)
Level 15
June 4, 2019

What TurboTax is saying is that the amount reported with Code I should be the total "Other Income," which includes the sum of $95 and $82.

Of that total, $82 is Section 951A income; the balance of $95 (177 - 82) is some other "Other Income."

So in box 11 enter:

  • Code I - $177
  • Code F - $82