Help Desk couldn't help - K-1 entered data is not pulling the Box 1 (interest) into the Sch E 1040. Help please.

[Mike9241]

what do you mean box 1 interest box 1 on k-1 is business income or loss/ a loss might be subject to the passive activity loss rules and thus flow to form 8582 where any allowable passive loss is calculated. The exception would be a publicly traded partnership that by definition is passive and stands on its own so income from box 1 should flow to schedule E page 2 while a loss goes nowhere. 

[cathybaker0916]

I have two K-1s (1041) from Trusts.  It is interest.  Thank you for the reply as it made me think:)   I'm just going to enter them both as 1099 interest as I must be missing something on the QB on-line K-1 1041 data capture screen.  I also might be totally wrong thinking I needed the K-1 data input screen.  It's immaterial in terms of income, but at least I'll get it in my interest income on my 1040.  Thank you!!