I have a Schedule K-1 (Form 1065) that lists $2 in box 11 (Other Income (Loss)). It also has a code 'A*' in the box next to it. There is an attached page that states 'Other Portfolio Income, Box 11, Code A'. It states the Description to be 'NONPASSIVE RENTAL INCOME' for the $2.
When I enter this in TurboTax, the next screen asks me to "Enter Code A Detail" regarding the $2 on box 11. The choices are:
Income or Loss from REMIC
Excess Inclusion from REMIC
Section 212 Expense from REMIC
Other Portfolio Income (Loss) to be Reported on Schedule E, Page 2
I have Another Description Item
I'm guessing I should check one of the last 2 items, but not sure which.
