If a partnership is in the business of loaning money, where do they claim interest income from loans on 1065 in Turbo Tax Business?

[jake1096]

TT Business says "don't enter interest earned from the partnership's trade or business operations" with interest from Banks, CD, etc., but I am not sure where to enter it?

[Anonymous_]

If your business is lending money, then any interest received on the loans your business makes should be entered in the Business Income section of the program (i.e., it is ordinary business income).

See https://www.irs.gov/publications/p334/ch05.html#en_US_2015_publink1000313368

[gmgrekos]

Where to enter losses from loans a business makes (the business is lending money) ?