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djdmoore8
Returning Member

How do I keep Invest interest expense from showing up double on 4952 and as a nonpassive loss on stmt for Sch E

K-1 with royalty income shows investment interest  expense of $340 on Line 13 code W.  I entered it there and for this actively that I am not actively participaing it shows up double on 4952 and then nets down to only one $340 adding back the $340 as being deducted elsewhere.
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2 Replies

How do I keep Invest interest expense from showing up double on 4952 and as a nonpassive loss on stmt for Sch E

djdmoore8
Returning Member

How do I keep Invest interest expense from showing up double on 4952 and as a nonpassive loss on stmt for Sch E

I could not find  the reply from tagteam (Level15)  to the question raised above  re duplication of investment interest expense

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