- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
what version of Turbotax - online or desktop
When I input the information from K-1 Box 11 Code A, and Code 11
in the step-by-step mode, you use the drop-down box for code A and enter the amount for line 11 (eleven)
there is no I1 so you enter code I and the amount
you are taken to the next screen where you must choose a box(es) for the type(s) of 11A items (based on the info provided by the k-1) then there's an automatic dropdown section to enter added info and or amount
the amounts entered for all boxes must total the same as shown at the top - what you entered in the k-1 for line 11A
next, they'll be another screen for box 11 code I1. again boxes must be checked. if it's "I have another description item" - this box will not carry anywhere so you must determine the form it goes on based on what info is provided by the k1 you got
say it's other income
in step-by step mode there is a section under "wages and income" tab then the section "your 2020 income summary" - less common income
use the line "Miscellaneous Income" and click on the update link
i would use the line "other reportable income" click on start then yes
then enter a description and the amount for what's on the k1 on line 11 code I1
this should appear on schedule 1 line 8
It's impractical for Turbotax to provide a line for every possible item that's on line 11 code I. pro software may but you haven't paid the $000's that pro software can cost.