My K-1 has net loss, and I didn't receive any actual interest income from the K-1 (since the interest income was offsetted by the loss). However TurboTax keep adding the number from K-1 box 5 into the "Interest on 1099-INT" section of my income info. What should I do?
That's the way it works....you don't net the income and expenses and losses as shown. Enter the numbers on all of the lines from your K-1 into TT and that's it.
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