Skip to main content
June 8, 2020
Solved

Schedule K-1, Line 11, Code C

  • June 8, 2020
  • 1 reply
  • 7 views

I have the code "C" in line 11 of my K-1 (From 1065), but no amount. Not sure what to do with this since I'm being asked for an amount. According the information, C means "Sec. 1256 contracts & straddles" and indicates it's reported on Form 6781, line 1, which I don't have. (I assume that's the sponsors form.)

 

Does the lack of an amount mean 0?

 

Mike

Best answer by

if no amount (check for supplemental schedule which may show an amount) then delete the entry. 

1 reply

Answer
June 8, 2020

if no amount (check for supplemental schedule which may show an amount) then delete the entry.