Irene2805 -
First, thanks so much for replying. I will be trying your advice in a bit but may I ask you a follow-up question in the interim.
I spoke with a former KPMG tax partner who advised that if the Ptnship is doing business as a trader in securities, then the pass through of invst inter exp should go to Sched E once it clears the limitation calc, not to Sched A. It is a business expense, not an individual itemized exp...and I heard the samething from Turbo Tax last year when I had the same problem. Do you have a reference that I can look to for your decision to have this flow to Sched A?
Again, thanks for now,
Steve
