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K1 Loan interest deduction
I am trying to figure out the best place to enter interest expense on a K1 for my 2019 return.
I financed a buy-in to the corporation and received a statement of interest paid on that loan. Where would be the best place to put this information?
My understanding is that it should end up on Schedule E, but when entered on the K1, it ends up on my Schedule A.
thanks in advance.
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March 12, 2020
3:28 PM