Edit: It looks like filling out the K-1 questionnaire automatically added $48 to the Contracts and Straddles Income section without me needing to create an entry myself. Is that correct?
Additionally, I have a box11 Code I item with the description "Other income - For individuals, combine the values from lines 11 and 13w to determine whether you have a nonpassive income or loss. Reported on Schedule E, Line 28, (i) or (K)". What should I select here regarding Code I Detail?
- Recoveries
- Section 751(b) Gain or Loss
- Capital Gain that is not Portfolio Income
- Other Non-Passive Income (Loss) to be Reported on Schedule E, Page 2
- I have another description Item
My best guess is to select Other Non-Passive Income. What is the description?
