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jftaxusa
Returning Member

Sch K-1 (1065) Box 11 code ZZ "other income"

I have an amount in Box 11 code ZZ and I'm not sure which area it should appear on the "K-1 Additional Information" detail page.  Line (1) is "Other nonpassive income to be reported on Schedule E, page 2" which impacts my return or Line (2) "Other" which does not seem to impact my tax return.

 

The income reported on line 11ZZ is from a partnership's activates in a loan organization trade or business.  The K-1 detail shows the amount of line 11ZZ is the total of a loss from a non-SSTB business and a gain from a SSTB business.  Also, the K-1 detail shows part of Line 11ZZ as my share of UDFI. 

 

The partnership is considered a relevant passthrough entity.

 

Please help!

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