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Level 2
October 12, 2022

Form K-1 Box 11: Other Income (loss)

  • October 12, 2022
  • 1 reply
  • 5 views

I have entered K-1 Box 11 Code I "other income (loss)" into Proseries, but cannot see the income flowing through ultimately to income on form 1040.  The income is made up of a section 988 Gain  and an other income loss for overall net income.  Am I wring to expect the income to flow through to form 1040 or have I not entered something correctly?   

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1 reply

Intuit Community Champion
October 12, 2022

On the K1 in ProSeries when you see the double ** that means you have to manually enter to the 1040 your self

TimbarAuthor
Level 2
October 13, 2022

Thanks.  That was what I suspected I needed to do.