Okay, I entered the interest expense on Line 11 (code I - Other income (loss)) of the K-1. This generated the K1P Additional Info form. I then deleted all the entries for Line 11 and entered the interest expense under Outside Expenses, Line 2 - Interest expense from debt used to finance acquisition of partnership interest. So far so good.
But this amount is not flowing through to Schedule E, Part II, Line 28 as it should. What is causing this issue? This is really frustrating, so any help is much appreciated.
