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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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