My K-1 in Box 14 has a Z letter code indicating Other Information of "Corpus not subject to tax" How do I indicate that without it not appearing as income?

[DawnC0 · Accepted solution]

If this code is used, the fiduciary will provide you with any additional information you may need to file your return that isn't shown elsewhere on your Schedule K-1.  Amounts from Box 14 (1041 - K1) are not included in your income, this box and code Z are ''information only'' line items.  

[Butters]

My Schedule K-1 (1041) has, under box 14, two separate codes: "z* STMT".  Are these also "information only", and can I just leave these two entries blank since it is unclear in the K-1 attached fiduciary instructions what specific numbers to enter here?

[shirleyannh20]

I have the same question