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Where do I enter income for a 1065 K-1 line 11 (other income) code i
I have a client who's K-1 (1065) has income shown on line 11 with code I (misc income). The only description is misc income EQT. Where do I enter that income?
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Your client's K-1 is from an investment partnership, and that investment partnership owns units in EQT Midstream Partners LP, a publicly traded partnership / master limited partnership.
Because it's income, the PTP rules make it easier. I'd just call it an Other Passive item under Separately Stated Income and Deductions. When it's a loss, or a material amount, I set up a separate K-1 for the PTP sub-activity.
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