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Get your taxes done using TurboTax
As per https://www.irs.gov/instructions/i1040se#en_US_2022_publink24332td0e1965:
For interest allocated to passive activity use, enter the interest on Form 8582 as a deduction from the passive activity of the partnership or S corporation. Show any deductible amount on a separate line on your Schedule E, Part II. Enter "passive interest" and the name of the entity in column (a) and the amount in column (g).
My plan is to tell TurboTax there is a new entity named "passive interest <old entity name>" for which I only enter the interest expense. So use the wizard, but trick it into doing the right thing.
‎August 12, 2023
9:03 AM