PatriciaV
Employee Tax Expert

Get your taxes done using TurboTax

Interest reported on Form 1065 Schedule K-1 Line 5 is portfolio interest income. Interest reported in Box 20 Code A is investment interest income. Form 4952 calculates investment income, including Sch K-1 Box 20, but does not include portfolio income.

 

See also: IRS About Form 4952, Investment Interest Expense Deduction

 

@Turbotaxer 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"