my suggestions but there are other ways to do this. was there an explanation included with the k-1 as to why the first 2 items were not reported on k-1 line 5
total the first two items and enter it on the k-1 as interest income (line 5) this way it will flow to schedule B
separately enter the US interest below the first amount (dome correctly the total will be reported and the US interest will be subtracted on any state income tax return
other interest income-foreign
Other interest income-us
the following needs to be entered on schedule 1 line 8 do not enter amount on k-1
Foreign currency gain- section 988 - description xyz ptsp sec 988 income
why the following two items weren't used to reduce lines 1,2 or 3 is a mystery. i could understand if this were an investment partnership and the first item said investment interest and the second said investment expense but these are specified as trade or business expenses. the best I can offer is not to enter these on 11i but reduce line 1 (or 2 or 3 depending on the line used on the k-1) of the k-1 by the total of these amounts. amounts
Trade or business interest expense
other trade or business expense
this can go on 11i
and I would use the subline other nonpassive income to be reported on schedule E page 2
other ordinary income
understand that except for the 988 amount, the others are guesses.
