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My K-1 in Box 14 has a Z letter code indicating Other Information of "Corpus not subject to tax" How do I indicate that without it not appearing as income?
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June 3, 2019
10:11 AM
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If this code
is used, the fiduciary will provide you with
any additional information you may need
to file your return that isn't shown
elsewhere on your Schedule K-1. Amounts from Box 14 (1041 - K1) are not included in your income, this box and code Z are ''information only'' line items.
June 3, 2019
10:11 AM
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My Schedule K-1 (1041) has, under box 14, two separate codes: "z* STMT". Are these also "information only", and can I just leave these two entries blank since it is unclear in the K-1 attached fiduciary instructions what specific numbers to enter here?
June 3, 2019
10:11 AM