DaveF1006
Employee Tax Expert

Get your taxes done using TurboTax

If you are using the TurboTax Desktop software and the interview isn't cooperating:

 

  1. Switch to Forms Mode: Click the Forms icon in the top right. 
  2. Open the K-1 Worksheet: In the left sidebar, find the K-1 Partner (or K-1 S-Corp) worksheet for this entity.
  3. Find Box 11: Scroll down to the Box 11 section.
  4. The "QuickZoom": Look for a button or a line below Box 11 labeled "Other Income/Loss Worksheet" or similar. it is located right below the Box 11 amount. Select it.
  5. When the next screen appears, it will take you right to Code S non-portfolio gains or losses.
  6. Manually enter the Short-Term or Long-Term gain amounts on the specific lines provided in that supporting worksheet. This will force the flow to Schedule D.

The key here is to determine if this is a short-term or long-term gain. This should be listed on a supplemental disclosure statement that came with your K-1.

 

@chickenbooboo 

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