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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
March 17, 2023
11:55 AM