Thank you @PatriciaV . There are a few issues with entering the section 988 gain in Schedule 1, which is provided in my K-1 box 11 with code ZZ.
- TT first reports an error asking for code ZZ to be fixed
- The fix takes me to a QuickZoom
- I enter the section 988 gain in "Other nonpassive income (loss) to be reported on Schedule E, page 2"
- ... which automatically flows the amount to Schedule E p2, and then to Schedule 1 line 5
Your answer indicates the section 988 amount should be entered in Schedule 1 line 8z . How do I get TT to flow the Quickzoom answer to line 8z and also resolve the error?
