Entering partnership Schedule K-1 line 11 code I in an individual return in Lacerte
by Intuit• Updated 1 year ago
Lacerte doesn't have a specific entry for line 11, code I, since it's used to report various other income. The firm who prepared the partner's K-1 should have included a description of what the income is and instructions for reporting it on the partner's tax return.
For more Schedule K-1 resources, check out our Tax topics page for Schedule K-1 where you'll find answers to the most commonly asked questions.
If the firm who prepared the K-1 didn't provide instructions:
- Go to Screen 20, Passthrough K-1s.
- Select the Partnership from the left navigation panel.
- Scroll down to the Separately Stated Income and Deductions section.
- Follow the steps below to enter the item as passive or nonpassive.
To report the income as passive:
- Locate the First Passive Item subsection.
- Select the Other (Ctrl+E) field.
- Enter a description and the amount.
This amount flows to Schedule E, page 2, line 28, column h.
To report the income as nonpassive:
- Select the Other nonpassive items (Ctrl+E) field.
- Enter a description and the amount.
This amount flows to Schedule E, page 2, line 28, column k.
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