Investment Interest Expense from K1

[sam992116]

I got investment interest expense from on one PTP K1(line 13 H) where I am passive investor and limited partner.

It is showing in TT interview mode under Retirement and Investments and then under Investment Interest Expense. I will be taking standard deduction and no Sch A for me this year.

Q: Where does this expense deduction go and which form? Sch A? No Sch. A so no deduction?

I will be filing Sch C as Trader.

Q: Can this expense be listed under Sch C expenses? 

Thanks in Advance!

[sam992116]

@Mike9241 

Where does number listed on 13 H (investment interest expense) goes on 1040?

Does one has to manually add to Sch A (if choosing Sch A) or it goes somewhere on sch E?

What are options for someone taking standard deduction?

[Mike9241]

if you are taking the standard deduction the investment interest expense deduction is lost. normally it would go to form 4952 and then to schedule A but with the SD there is no schedule A. 

[sam992116]

@Mike9241 Thank you for your input and help.

Can one add this expense at Sch C or probably not?

This expense is coming from K1- entity where I am passive investor and Sch C is from my business of trading where I am active. Not sure if one can add this expense on Sch C ?