PatriciaV
Expert Alumni

Business & farm

What was the source of income reported on Schedule K-1 Box 10 that you coded as Other Income?

 

You should have received supplemental information with the K-1 to show how to report the income for Code H. If you sold assets, any gain or loss would be either short- or long-term, depending on how long you held the assets. If none of the provided categories are appropriate, type in a custom description for the amount in the Other Description area.

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