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rv2
Level 3

K1-Box 11-Code ZZ - Flow of Ord Gains to Form 4797 Pii, Line 10

Using TT Premier Desktop - Windows
In past years, when I enter / provide values in TT for K1 Box 11 Code I Line 2, for ordinary income, TT would behind the scenes create the form 4797 entry.

 

The 2023 TT version for Box 11 Code I looks different - it does Line 2 anymore!

 

Do I need to do this manually now, OR is there another way to enter this info? 

 

Thanks much! 

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1 Best answer

Accepted Solutions

K1-Box 11-Code ZZ - Flow of Ord Gains to Form 4797 Pii, Line 10

the IRS changed what could be entered in box 11. 

in 2022 and prior code 11(I)(2) would carry the amount to 4797 part II as ordinary income/loss

there is no similar code for the 2023 k-1 at best 11zz for which Turbotax provides no help - amount must be entered on proper form by taxpayer.

 

View solution in original post

2 Replies

K1-Box 11-Code ZZ - Flow of Ord Gains to Form 4797 Pii, Line 10

the IRS changed what could be entered in box 11. 

in 2022 and prior code 11(I)(2) would carry the amount to 4797 part II as ordinary income/loss

there is no similar code for the 2023 k-1 at best 11zz for which Turbotax provides no help - amount must be entered on proper form by taxpayer.

 

rv2
Level 3

K1-Box 11-Code ZZ - Flow of Ord Gains to Form 4797 Pii, Line 10

Thnx - I figured as much also, and glad to see your confirmation. 

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