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I have a partnership K-1 with Box 13 Code W Business Interest Expense; where in the K-1 input for 1040 can I enter it?

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There is no standard answer to this because it all depends on the supplemental details from the K-1 about the kind of deduction it is.  Once you identify the deduction, you may need to enter that directly on the relevant form or schedule as it's probably not something that could flow through the K-1 input.

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Level 15

There is no standard answer to this because it all depends on the supplemental details from the K-1 about the kind of deduction it is.  Once you identify the deduction, you may need to enter that directly on the relevant form or schedule as it's probably not something that could flow through the K-1 input.

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Still an AllStar

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