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Business & farm
To answer your questions:
1. Investment interest expense deduction. The deductible amount from Form 4952 is reported on line 9, Schedule A (Form 1040) [Interest you paid], even if all or part of it is attributable to a partnership or S corporation.
2. Other Expenses. After entering the figures for Box 13, you will see a screen, Enter Code W Detail. Mark the box Nonpassive Deductions to be Reported on Schedule E, page 2. The figure will then flow to Schedule E, p.2.
March 18, 2020
8:53 AM