Business & farm

@2626Beckwith in order for the expense to appear on your Schedule E, page 2 from Box 13 Code H, it should be treated the same as Box 13 Code W. Code W is for deductions on Schedule E. Therefore, when the software prompts you to enter Code W information, you  could add the investment interest expense Code H and Code W in the same place.

For more details, see IRS Publication 550 Investment Income and Expenses page 35 How to Report Investment Interest Expense and page 68 Special Rules for Traders in Securities or Commodities.

Another option you have is, if you are a trade or business, and are reporting other expenses in connection with it on Schedule C, is to report that expense on Schedule C.