topic K1 lines 11 and 13; code ZZ in Get your taxes done using TurboTax

K1 lines 11 and 13; code ZZ

bastaller — Tue, 08 Apr 2025 21:31:47 GMT

My K1 shows operating expenses under code ZZ; it also shows management fees in line 13 under code ZZ. The K1 instructions from the investment company say to enter these deductions directly onto schedule E, line 28, column H. However, I can't get turbotax to take me to that form. Can you help?

Re: K1 lines 11 and 13; code ZZ

PatriciaV — Wed, 09 Apr 2025 19:04:38 GMT

To make these entries, you must be using TurboTax Desktop.

In TurboTax for Desktop, go to Forms Mode and open "K1 Partner" for the related investment.

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.
Scroll down to Box 13 Code WW to ZZ, line 6 - 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?

Re: K1 lines 11 and 13; code ZZ

bastaller — Fri, 11 Apr 2025 14:27:48 GMT

Thanks; I have the online version and don’t really want to convert over to desktop; I hope that by next tax season there will also be a solution for online users.

Re: K1 lines 11 and 13; code ZZ

PatriciaV — Sun, 13 Apr 2025 20:57:07 GMT

We at Intuit TurboTax want our users to be completely delighted with their experience using our products and services, and successful in their financial lives and businesses.

Once you file your return, as long as the settings to receive communication from Intuit don’t block it, you will see a pop-up message or receive an email with a survey asking you about your experience. We encourage you to leave your notes and comments there. “Voice of the Customer” notes and comments are read and acted upon.