Where do I report "my share of Interest Expense" reported as a footnote on my K1, "attributable to debt financed distributions in the current year"
My K1 had a footnote that states there were debt financed distributions and tells me my share. But I don't see anywhere in Turbotax to report that figure. Should I be entering it on my tax forms somewhere?
Where do I report "my share of Interest Expense" reported as a footnote on my K1, "attributable to debt financed distributions in the current year"
On your federal return, there is a section to enter "Deductions & Credits". Within that tab, there is a "Retirement & Investments" topic -- under that, is a subsection for "Investment Interest Expenses".
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