After entering the amount on line 11a of your K-1 you should check the box for "I Have Another Description Item". Enter "Misc. Income" as the description. Note that below that the program says "Amounts entered here may also need to be entered elsewhere in TurboTax.". Now you need to enter the $4 miscellaneous income in TurboTax as follows:
- Go to Wages & Income
- Locate "Less Common Income, Home sale, cancelled debt (1099-A, 1099-C") ... etc."
- Scroll down to "Other misc. income"
- Select Other "reportable income" and click on Start
- Answer Yes to "Any other taxable income?"
- Click on the blue Add button
- Enter a description and amount
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