How do I enter Schedule K-1 Box 11 Code ZZ?
by TurboTax• Updated 1 week ago
Code ZZ is used by partnerships to provide any other information that may need to be reported on your personal income tax return that is not already included in another section of your Schedule K-1.
You’ll need to use Forms Mode, available only in TurboTax Desktop.
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To enter the details of Schedule K-1 (Form 1065) Box 11 Code ZZ, follow the steps below.
- Open your return and select the Forms icon from the menu.
- In the Forms in My Return panel, locate and select K-1 Partner for the investment that sent you Schedule K-1.
- On Line 11, select QuickZoom to open K1P Addl Info.
- Locate Box 11 Code I, L to R, and ZZ: Other Income,
- Use Line 1 if the supplemental information from Schedule K-1 indicates “Other nonpassive income (loss) to be reported on Schedule E, page 2.”
- Otherwise, use Line 2.
- Using the information from Schedule K-1, select the plus symbol, enter a custom description on the yellow line, and the amount in the yellow box.
- When you are finished, select Step-by-Step in the menu to go back to your return.
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