topic Re: Schedule K1 Box 11 Code ZZ in Get your taxes done using TurboTax

Schedule K1 Box 11 Code ZZ

taxpreparer101k1 — Wed, 11 Feb 2026 07:21:59 GMT

I have net ordinary losses from Trade or Business on a Schedule K1 from a hedge fund where the K1 suggests the losses be recorded on Schedule E, Part II, Column I. I have seen some postings that suggest that TurboTax has not properly built the transition of income/loss recorded previously in 2022 as Box 11 Code I to Box 11 Code ZZ. This income/loss is supplemental income or loss. Upon searching supplemental income in turbo tax, it only leads me to rental income and royalty questions and doesn't allow for these losses to be recorded which need to impact and reduce my overall tax liability. I'm working on a MAC laptop and otherwise cannot seem to directly input on forms. Any suggestions would be appreciated.

Re: Schedule K1 Box 11 Code ZZ

Mike9241 — Tue, 16 Apr 2024 19:56:50 GMT

a Turbotax bug. entering an 11ZZ amount does not produce a sub-schedule to enter what it is. if you use desktop you can switch to forms mode and use the quickzoom link. for online, I found you have to go all the way to final review where the Turbotax points to the error of not specifying what it is. enter a description and the amount

Turbotax has had many K-1 issues this year maybe going to a 64-bit from 32-bit app was not the best idea.

Re: Schedule K1 Box 11 Code ZZ

hwisungi — Sun, 13 Apr 2025 17:21:32 GMT

I tried various combinations of description and amount, but TurboTax (desktop) keeps asking to add more entries and not accepting my input. I got two entries in 11, one with C, and another with ZZ. A more detailed instructions on how to remove this error would be greatly appreciated. Thanks in advance!

Re: Schedule K1 Box 11 Code ZZ

PatriciaV — Mon, 14 Apr 2025 14:32:34 GMT

Form 1065 Schedule K-1 Box 11 Code C can be entered from the K-1 interview in TurboTax. No additional information is needed.

To make the entry for Box 11 Code ZZ, you must be using TurboTax Desktop.

In TurboTax for Desktop, open your return and:

Click the Forms icon in the TurboTax header.
Find "K1 Partner" for the related investment in the forms list.
Click the form name to open the form in the large window.
Scroll down to Line 11 and click the QuickZoom link just above Line 12.
This opens K1P Addl Info.
Scroll down to Box 11 Code I, L to R, and ZZ: Other Income, line 1 - Other nonpassive income (loss) to be reported on Schedule E page 2.
Enter a custom description on the yellow line and the amount in the yellow box. Your entries here will appear on Schedule E page 2.
When you are finished, click Step-by-Step in the header to go back to your return.

If you need to switch from TurboTax Online to TurboTax Desktop, see How do I switch from TurboTax Online to the TurboTax software?

@hwisungi