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The Section 988 income was reported to me on box 11(a) of the k-1, not 11(i) as you indicated in your response. As such, I believe the appropriate place to put it on my return is on Schedule E, Part II, column K. I also found a footnote in the k-1 telling me to put this income on schedule E.
I have additional income reported to me on the same Box 11(a) with the only description being "Other Portfolio Income". Should this also go to schedule E or should I put this as Other Income on Schedule 1?
‎April 9, 2025
7:30 AM