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New Member
posted Jun 3, 2019 10:11:35 AM

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?

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1 Best answer
Intuit Alumni
Jun 3, 2019 10:11:36 AM

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.  

3 Replies
Intuit Alumni
Jun 3, 2019 10:11:36 AM

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.  

New Member
Jun 3, 2019 10:11:38 AM

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?

New Member
Jun 3, 2019 10:11:39 AM

I have the same question