k-1 Box 11 Code S

[MAC18]

I have  k-1 income reported to me on box 11, Code S.  The income consists of short and long term capital gains.  After entering the income for this box and code, TurboTax does not put the income on Schedule D.  I have no idea why this income does not appear on boxes 8 and 9a of the k-1 (short and long term capital gains).  How do I get TurboTax to put the box 11, code S income on schedule D?

[Mike9241]

[MODS] partnership k-1 issue with Turbotax. 11s (along with 11zz)  requires a sub-entry to denote it as either short-term or long--term. but a new screen or drop-down does not appear.  easy workaround for me because I use desktop. not sure there is any workaround in online. Why is there no dropdown or new screen for k-1 entries requiring more detail? there was in 2022.

[MAC18]

It seems like the only workaround for me is to take the capital gains in Box 11 S and add them to the amounts already in boxes 8 and 9a (short and long term capital gains).  TurboTax should be asking for more detail regarding the amounts in Box 11 S and 11 ZZ so the numbers can flow through to the correct tax form.

[chickenbooboo]

I have the same issue. May I know what was your workaround? I am also using the TurboTax Desktop.

I even tried to edit the K-1 Addl Info worksheet to input the long term and short term capital gain/loss, but Schedule D didn't get updated.

[DaveF1006]

If you are using the TurboTax Desktop software and the interview isn't cooperating:

1. Switch to Forms Mode: Click the Forms icon in the top right. 
2. Open the K-1 Worksheet: In the left sidebar, find the K-1 Partner (or K-1 S-Corp) worksheet for this entity.
3. Find Box 11: Scroll down to the Box 11 section.
4. The "QuickZoom": Look for a button or a line below Box 11 labeled "Other Income/Loss Worksheet" or similar. it is located right below the Box 11 amount. Select it.
5. When the next screen appears, it will take you right to Code S non-portfolio gains or losses.
6. Manually enter the Short-Term or Long-Term gain amounts on the specific lines provided in that supporting worksheet. This will force the flow to Schedule D.

The key here is to determine if this is a short-term or long-term gain. This should be listed on a supplemental disclosure statement that came with your K-1.

@chickenbooboo 

[vickyq0513]

Anything for Turbotax online users?

[PatriciaV]

A possible work-around for TurboTax Online is to add a separate Schedule K-1 with the same info from Part I and only Box 11 Code S.

To clarify, enter long-term gains on one K-1 and short-term gains on the other K-1.

@vickyq0513