Line 11 of the K-1 (Other Income) covers many many items. Examples include:
- recoveries (bad debt or prior taxes)
- ordinary gain/loss (which would go on Form 4797)
- Net short- or long-term gain not portfolio income
- Other nonpassive income
Each goes on a different place on the 1040. There
should be supplemental information, either at the bottom of the K-1 or
on a separate sheet, that tells you what the "other income" is.
Without
this information, neither TurboTax nor you can enter the income in the right place.
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