Is there a way to enter Other Portfolio Income (schedule E, part 1,line 4) and associated legal expenses (line 10) ?

[LudwigVan_fan]

Generally, portfolio income is not reported on Sch E.  Part I is used to report income/deductions from rental real estate and Royalty income/expenses.  I interpret your comment of "Other Portfolio Income" to be investment income.  Not reported on Sch E.

See Instructions for Sch E

https://www.irs.gov/pub/irs-pdf/i1040se.pdf

Link here for Investment Income and Expenses (Portfolio Income)

https://www.irs.gov/pub/irs-pdf/p550.pdf

[Anonymous]

I was specifically instructed to enter these details on schedule E (other portfolio income comes from distribution from a trust and expenses are legal fees paid by the trust). Thus my question of  how to force Turbotax to enter these numbers?

[Dece80]

Please let me know if you figured this out.  "Other portfolio income" is a nightmare for Turbotax.

[LudwigVan_fan]

For 2021 tax year, Sch K-1 (1041) would be entered in Personal Income

Go down to Business Investment and Estate/Trust Income and then click on Sch K-1

Select Estates or Trust (Form 1041)

Enter all the information from the Sch K-1.   For 2021, Box 5 is Other Portfolio Income

As for the expenses, they should be listed on the Sch K-1 and you may have to check the instructions for the beneficiary to determine where they go and if currently deductible.