I received both a 1065 and 1120S and on each, included amounts (approx $2k each) of interest paid by shareholder for the buy in of the partnership/Scorp I joined. I had a CPA complete 2020's return as it was my first year in the group. These items were listed under box 20AH on the 1065 and box 17 AD on the 1120s. In 2020, the CPA called this Nonpassive loss allowed, reported on Sch E Part 2 under line 29b.
I cannot for the life of me figure out how to get this into TT. When I enter these, it gives me a pop up window suggesting that I need to enter this in elsewhere as it's not listed in any sort of drop down option for these two boxes on the K1 reports.
I looked under the investment interest expenses but this seems to adjust 8960 and/or in future year's returns and I don't think that's right. I understand that eventually the line item 32 on Sch E part II will flow to 8960 4a and will also be listed on my Sch 1 line 5 so I need to be able to input this to Sch E.
Any/all help appreciated
