Question on K-1 Box5

I have a schedule K-1 that I'm entering in TurboTax. TurboTax has two fields to enter data for Box 5; "Interest Income" and "Interest from U.S. Obligations in Box 5".

On my Schedule K-1 it has an amount of $102 in Box 5. There is also code ZZ in Box 20. Code ZZ states "U.S. Interest (part of LN 5/6A)" with an amount of $15.

Do I enter $102 in TurboTax Box 5 for "Interest Income" and $15 in Box 5 for "Interest from U.S. Obligations in Box 5"?

163

Employee Tax Expert

Feb 28, 2026 12:49:24 PM

That seems like a correct treatment. After your K-1 entries, hit Forms in the upper right, and make sure your interest is pulling through as 102 in total (and not 102 + 15 = 117) on the 1040, Line 2b.

However, all of this is assuming that there's no dividends in box 6a. In that case, it could be another treatment. Is there anything to account for in K-1 box 6a?

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Question on K-1 Box5