MichaelDC
New Member

Retirement tax questions

If you enter the value for 11F for your K1, in TurboTax it will create a K1P Addl Info 1 worksheet under the K1 partner form, in which you need to specify the type of income 11F represents under code F:

- Recoveries (etc) reported on 1040 line 21
- Ordinary gain/loss reported on F4797, part II
- net short term gain/loss
- net long term gain/loss
- other nonpassive income/loss reported on sch E, page 2

TurboTax will then carry it to the correct place on your return.

If using TurboTax Online, make sure to answer follow-up questions after Box 11 entry.

If still no Line 21, you can add it manually:

  • Click on the Federal tab
  • Click on Wages and Income
  • Scroll down to Less Common Income
  • Other income not already reported on a Form W-2 or Form 1099 (See the attached screenshot below. Click to enlarge.)
  • On the Other Taxable Income screen, enter a description and amount for the income.




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