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Business Interest Expense and Basis Schedule
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Sara Lavdas
Level 1
03-26-2021
07:27 AM
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The system is not deducted business interest expense as part of shareholder basis in the partnership returns. I have tried all sorts of options on the business interest expense tab to tell the program that the partnership and the partners are not subject to the interest limitation but it still won't calculate as a deduction in the basis schedules. Please help!
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