Form 1065 Schedule K-1 Box 11 Code C can be entered from the K-1 interview in TurboTax. No additional information is needed.
To make the entry for Box 11 Code ZZ, you must be using TurboTax Desktop.
In TurboTax for Desktop, open your return and:
- Click the Forms icon in the TurboTax header.
- Find "K1 Partner" for the related investment in the forms list.
- Click the form name to open the form in the large window.
- Scroll down to Line 11 and click the QuickZoom link just above Line 12.
- This opens K1P Addl Info.
- Scroll down to Box 11 Code I, L to R, and ZZ: Other Income, line 1 - Other nonpassive income (loss) to be reported on Schedule E page 2.
- Enter a custom description on the yellow line and the amount in the yellow box. Your entries here will appear on Schedule E page 2.
- When you are finished, click Step-by-Step in the header to go back to your return.
If you need to switch from TurboTax Online to TurboTax Desktop, see How do I switch from TurboTax Online to the TurboTax software?
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