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Business & farm
Thank you, Rick. I looked again, but still don't see a way to link the interest expense to the activity. Your solution seems to work, however, so I created a K-1 for "Interest Expense LLC". That results in separate forms for that "partnership" (which isn't a partnership, obviously), but at least Form 8582 seems to be correct in spirit.
Intuit should update its offerings to appropriately address this issue.
ā€ˇFebruary 23, 2021
9:09 AM