If you have an amount in Box 11, Code A Other portfolio income (loss) of your Partnership Schedule K-1 (Form 1065) Partner’s Share of Income, Deductions, Credits, etc. with the instructions to report the amount on Schedule E (Form 1040) Supplemental Income and Loss, Line 38, the instructions below will enable you to enter that in to the TaxAct® program:
To enter your other portfolio income (loss):
Per IRS Partner's Instructions for Schedule K-1 (Form 1065) Partner's Share of Income, Deductions, Credits, etc. (For Partner's Use Only), on page 9:
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).
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