Other income from Box 11 of my K-1 entered into TurboTax does not get carried over to Schedule 1, line 21 (Other Income) of the Federal tax return. This needs to be fixed in a software update so that I do not understate my taxes. The other income shows up in the TurboTax K-1 worksheet, but the number is not carried over to schedule 1.
You'll need to sign in or create an account to connect with an expert.
@MAC18 wrote:
The other income shows up in the TurboTax K-1 worksheet, but the number is not carried over to schedule 1.
You need to enter additional information for items on that line of your K-1 (see screenshot).
This is likely not a bug. For items that you've indicated that [You] Have Another Description Item you are required to enter the item in box 11 and separately elsewhere in TurboTax. For something that must appear on Schedule 1 line 21 you would enter this amount under Less Common Income -> Miscellaneous Income, 1099-A, 1099-C -> Other reportable income.
I did enter the details of the Box 11 amount. I entered amounts for code F and code H when entering the data into TurboTax but it still did not carry over to schedule 1, line 21. This caused me to understate my income and I later had to file an amended return when I realized the income was not included on my tax return.
TurboTax On Demand Tax Guidance explicitly states that amounts in box 11 with code F or code H must be manually entered on the appropriate form in addition to entering them in box 11. If these are to appear on Schedule 1 line 21, my previous comment provides instructions for doing so.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
margie-e-rice-gm
New Member
devstaneart3304
New Member
jtbrockwe27
Returning Member
minhhieu0912
New Member
frankdigiu
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.