1. From within your TaxAct return (Online or Desktop), click on the Federal tab. On smaller devices, click the menu icon in the upper left-hand corner, then select Federal
2. Click Business Income to expand the category and then click Partnership Income (Form 1065 Schedule K-1)
3. Click Add to create a new copy of the form or click Review to review your previous entries
4. Continue to the screen titled Partnership - Schedule K-1 Information, and check Box 11-Other Income, then click Continue
5. On the screen titled Partnership - Other Income, click Review next to Code A

An amount entered in the field:

• Income or loss from REMIC - residual holder will transfer to Line 38, Column D.

• Excess inclusion from REMIC will transfer to Line 38, Column C

• Section 212 expense from REMIC will transfer to Line 38, Column E

Additional Information
Per the Partner's Instructions for Schedule K-1 (Form 1065), page 8:

Box 11. Other Income (Loss) 
Code A. Other portfolio income (loss). The partnership will report portfolio income other than interest, ordinary dividend, royalty, and capital gain (loss) income, and attach a statement to tell you what kind of portfolio income is reported.

If the partnership held a residual interest in a real estate mortgage investment conduit (REMIC), it will report on the statement your share of REMIC taxable income (net loss) that you report on Schedule E (Form 1040), line 38, column (d). The statement will also report your share of any "excess inclusion" that you report on Schedule E (Form 1040), line 38, column (c), and your share of section 212 expenses that you report on Schedule E (Form 1040), line 38, column (e). If you itemize your deductions on Schedule A (Form 1040), you may also deduct these section 212 expenses as a miscellaneous deduction subject to the 2% limit on Schedule A (Form 1040), line 23.