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Software error in TurboTax

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.

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4 Replies

Software error in TurboTax


@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).

 

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dmertz
Level 15

Software error in TurboTax

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.

Software error in TurboTax

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.

 

dmertz
Level 15

Software error in TurboTax

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.

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