Investors & landlords

The best and most direct way to add this additional income from your 1065-K1 is to remove it from the K1 entry and then add it as shown below. The description should be 'SECTION 475(F) INCOME' and then the amount as indicated below. This will show up on the appropriate line of your tax return (1040 schedule 1 Part 1 Additional Income Line 8z, and then on Form 1040, Line 8).

Other Miscellaneous Income:

1. Sign into your TurboTax Online account
2. Go to Tax Home (left panel)  Wages and Income  section
3. Scroll to  Less Common Income > Select  Miscellaneous Income, 1099-A, 1099-C
4. Select Other reportable Income > Enter a description (----) and the amount

@patman0