joe4
Level 1
‎12-06-2019 10:26 PM
 
0 Cheers
sjrcpa
Level 15
‎12-06-2019 10:27 PM

Interest doesn't go on the 6252. It goes wherever you'd enter any other interest income.


Ex-AllStar

View solution in original post

0 Cheers
IRonMaN
Level 15
‎12-06-2019 10:27 PM

But ProSeries does have a box to actually enter interest on the 6252 worksheet.


Slava Ukraini!
0 Cheers
abctax55
Level 15
‎12-06-2019 10:27 PM
Hmmmmmmmmmmmmm.....imagine that.  Guess Susan & I should stick to Lacerte questions :joy::joy:
"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
0 Cheers
IRonMaN
Level 15
‎12-06-2019 10:27 PM
They are different.  As a matter of fact, if you enter a -1 into the software, you actually end up with a -1 :wink::wink:

Slava Ukraini!
0 Cheers
abctax55
Level 15
‎12-06-2019 10:27 PM
LOL...I had a K-1 last year where the rental loss actually WAS -1.  I had to finagle things to get the totals to match.  
"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
0 Cheers
abctax55
Level 15
‎12-06-2019 10:27 PM

You don't.  

Interest income goes to Sch B, no matter what the *source*.

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
0 Cheers