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Investors & landlords
from k1 page 12 . I think we are so f. I should close ET in 2022. :(
Line 13K - Excess Business Interest Expense (EBIE):
This amount represents your share of EBIE. Report this amount on Form 8990,
Schedule A. If you were allocated EBIE this year or in previous years and you sell
any of your units, you may need to adjust your basis by your cumulative deferred
EBIE. If you are allocated excess taxable income on Schedule K-1, Line 20AE in a
future year, you may be able to recover the EBIE previously reported to you as a
deduction in the year you receive excess taxable income. For additional guidance,
please consult your tax advisor
March 22, 2025
9:16 PM