JulieS
Expert Alumni

Business & farm

The amount on line 9 of Schedule A is the amount of investment interest allowed on Form 4952. Your deduction may have been limited on Form 4952.

 

If you entered your interest directly, this is how you edit it:

  1. Select Federal from the left side menu.
  2. Select Deductions and Credits toward the upper left. 
  3. Expand the list and scroll down to Retirement and Investments.
  4. Expand the section and click Start or Revisit to the right of Investment Interest Expenses.
  5. Answer the first question Yes. 
  6. If you entered your information directly, it will show on the next screen and you can edit it there. 

 

If you have K-1 forms for investments, some of your investment interest may have flowed form them.

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