Mixed Straddle K-1

Forum|Forum|4 years ago
July 22, 2022
13 replies
68 views

My K-1 has a mixed straddle account which I am supposed to input into box 11 on my K-1, which is "Other Income". When I type the number in, which in this case is a gain, that does NOT flow thru as income to offset any other losses I have on the K-1. When I look at my worksheet, it seems to simply ignore the box 11 gain even though I typed it in as such. I believe it is understating my AGI and I cannot understand why TT won't flow this gain into K-1 income? I tried tech support and they didn't understand how to do it either. Please help. May have to re file prior years after seeing this.

TurboTax Home & Biz Windows

Mike9241

Level 15

line 11c on the k-1 flows to form 6781. assuming the missed straddle account election was made at the entity level nothing further needs to be done with this entry. 40% will flow to schedule d line 4 and 60% to schedule D line 11

Mike9241

RAMDAAuthor

Level 2

That is NOT the case. It flowed nowhere. I agree it SHOULD flow there to 6781. Can you please tell me hwy I am not seeing this happen? Can you replicate it? I am so confused as to what to do here. This is a big error in TT from what I see.