DMarkM1
Expert Alumni

Get your taxes done using TurboTax

There typically is a place to make entries that will accomplish the correct reporting of your income/deductions without overrides.  The entries you are making come from a K-1.  So you will need to post more clarifying information to help us help you make the proper entries. 

 

There would be a worksheet for the K-1 you may have entered and box 13 has a code H for interest expense. However, that may not be the proper place as that amount typically should have already been recorded on the K-1.    

 

Are you saying you received a K-1 Partnership/S-Corp that took out a loan to purchase shares in an LLC and has interest expense on that loan?  

and 

That expense was not on the K-1? 

or 

Was in another box for example 20 and you are looking for a place to put it?  

or

Are you saying you took out a loan to purchase shares in an LLC and there is an interest expense related to your investment?   

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