MarilynG1
Expert Alumni

Get your taxes done using TurboTax

Per Expert @PatriciaV:

 

"Activity reported on Schedule K-1 Box 11(i) is often entered on the partner's tax return in areas other than the K-1. In the case of Section 988 gain/loss, you would enter this as Other Reportable Income

 

According to Section 988: "Except as otherwise provided in this section, any foreign currency gain or loss attributable to a section 988 transaction shall be computed separately and treated as ordinary income or loss (as the case may be)."

 

To find this area of TurboTax, go to Federal taxes >> Wages & income >> Less common income - Misc income 1099-A 1099-C >> Other reportable income."

 

@MAC18 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"