chiefdano
Returning Member

Schedule K-1, line 11, code I

I have 6 items to report under other in schedule k-1, box 11, code I.  These are:

other interest income-foreign

Other interest income-us

Foreign currency gain- section 988

Trade or business interest expense

other trade or business expense

other ordinary income

 

I have entered these in the appropriate boxes on the K-1 form, but they do not carry to any schedule E or D or B in the return.   I have read previous forum posts and it seems each of these should be reported on a form manually but I'm unsure of how to report trade or business interest expense and other trade or business expense.  I'm also not sure about the foreign currency gain and ordinary income.  Interest seems like it should go on schedule B.   I've also tried just combining the whole lot using the "Other non-passive income to be reported on schedule E.  The total flows through to schedule E but the K-1 form shows an error because by doing the above it is double counting the code I income on two lines.   Any help would be appreciated.