K-1 from Blackstone. How would I know the amount I should enter in the second line of Box 5 question if it is not listed on the K-1 I received? Interest from US Obligs?

[sjz]

TT asks for the dollar amount shown on the K-1 in Box 5.  I took the amount that was provided on my K-1.  The line directly below that ask "Interest from US Obligations in Box 5.  I don't see that separate amount on my K-1.  What do I put in this box?

[TAXHELLAGAIN]

There should be supporting statements with your K-1, if none of them mentions U.S. debt, don’t worry about it. Regardless, the only reason this amount is there at all is for state income tax purposes. It could potentially be a deduction on your state return.  Typically us debt obligations are state income tax exempt, but are not Federal Tax Exempt. So when listing your dividends or interest on a state return they wouldn’t be included or they would be deducted.