I have two K-1s, with ~$3,500 and $1,270 in Line 5 interest earned amounts. I understand that in general amounts over $1500 get reported on Schedule B, but I'm also sitting on $90,000 in passive carryforward losses that I would have thought would offset these gains, especially given I haven't sold nor received any interest dividends from either partnership fund.
Any insight would be greatly appreciated.
