Form 8990 -

[ljburstein]

I have a K-1 with an amount of $203 in 13K - Excess business interest expense (EBIE).

I have filled out schedule A on the 8990, with $203 in 43i.

I don't know where to enter it in section 1.  Does it go in line 1?

When I get to question 6, am I suppose to enter the "tentative Taxable income" from the K-1?  or from my own personal 1040.

I have the same question for the rest of the form.  Are the questions related to my own personal income tax for 1040, or are they related to the K-1?

If there is only $203 of EBIE, and a loss on line 1 of the K-1, is there any benefit to my filling out the 8990, which seems very complicated.

[ThomasM125]

Line 43(i) would be the excess business interest carryover to the next year. That amount would not be carried over to section I. I don't see a question 6 in the instructions so I'm not sure what you are referring to there.

I assume you are working on your personal tax return and the Form 8990 applies to it. Since the excess business interest is only $203 you can just not report it if you don't want to take the deduction.