I have a partnership K-1 (1065) which shows an amount on the "other income" line (line 11B). I am distributing this to the heirs, as the designated recipient died and I am the executor of the estate. But the estate K-1 (1041) does not have a similar item. Do I show this on the estate K-1 as "ordinary business income", "Other portfolio and nonbusiness income", or do I create a special "other information" line 14I entry?

  • There is not enough information to answer the question. Who is the recipient of the partnership K-1? You personally? If so, whose heirs are you talking about? – Dilip Sarwate Nov 12 '17 at 17:54
  • The estate of the deceased person is the recipient. The heirs are the 3 people who inherit from the estate. – user2592431 Nov 12 '17 at 19:57

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