I have deferred section 108(1) income from my K1 line 11, code F. After entering the information the income doesn't show up anywhere on my return other than the K1 info.

blacklinecapital — Thu, 06 Jun 2019 00:39:53 GMT

Certain items (generally labeled "Other") on your K-1 may...

RichardG — Thu, 06 Jun 2019 00:39:54 GMT

Certain items (generally labeled "Other") on your K-1 may need to be entered in several different places in TurboTax. Consult the instructions that were included with your Schedule K-1. These should tell you the form and line where the amount should be entered, then, follow these instructions:

Enter the form number or name of item in the search field in the toolbar at the top of this screen. You will then be presented with a list of topics that address this form. Select the topic that best matches the description given in your K-1, and then let TurboTax guide you the rest of the way. Section 108 refers to cancellation of debt income, so you may need to report the number in the COD income interview in TurboTax.

Often K-1 entries on line 11 have no impact on an individual partner's taxes, especially if the information shows a loss.

topic I have deferred section 108(1) income from my K1 line 11, code F. After entering the information the income doesn't show up anywhere on my return other than the K1 info. in Business & farm

I have deferred section 108(1) income from my K1 line 11, code F. After entering the information the income doesn't show up anywhere on my return other than the K1 info.

Certain items (generally labeled "Other") on your K-1 may...