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Get your taxes done using TurboTax
Patricia,
Can you please comment on the resolution of the issue of TurboTax Premier 2025 of not bringing interest income from a K-1 (box5) to form 4952 Part II - Net Investment Income? When will that be resolved?
Form 4952 does not pick up interest from K-1s, and includes only interest from 1099-INT. The interest from K-1 Box 5 does get reported on Schedule B, part 1 and is included in the Schedule B total, but does not populate to form 4952. As a result the total investment income (line 10 of form 4952) is understated and limits taking investment interest expense in the tax year.
yesterday