Business & farm

@Rick19744Thanks for this.

 

For Box 11, when I choose "Other Portfolio Income..." I get a follow up prompt: 

"Other Portfolio Income .." to be reported on Page 2 of Schedule E

Enter Description __(what should this be?)

Enter Amount___(assuming this should be the $515?)

 

Confirming some of your bullets below, and several questions for you basis:

1) Is the "begining capital account" dollar value seen in section L of my K-1 the basis in the investment?

2)I have that documented with Turbotax, along with the next income and withdrawals/distributions. Are you suggesting I need to track somewhere additionally?

3) With the above and below in mind, Is it still 

 

  • $515 is income. 
  • I've used "Other deduction" for Box 13 Code W
  • Section L is positive