Ok thanks. A quick internet search showed this for TaxSlayer for the K-1: Line 4 - Interest - Amounts in Box 4 are not passive income. Amounts entered on this line will automatically flow to Line 2a of Form 1040.
Is that also true for TurboTax, that when you enter your K-1 information when doing a personal return, that the amount on line 4 of K-1 automatically flows to the 1040 line 2 (but actually 2b since that is taxable interest?). Meaning, if someone enters their K-1 info, they do not also enter it again in the interest income section where you enter 1099-INT forms for your personal bank account(s), right?
