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Form 8990
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EJB
Level 1
05-02-2020
09:44 AM
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Leaving aside the fact that Form 8990 has to be filled out manually because it is not supported, my question is where to input into the ProSeries program the allowable total current year business interest expense deduction from Line 30 of Form 8990. Current year business expense was partially allowed and partially disallowed. Do I allocate the allowable expense among the various K-1s that had excess business interest expense in Line 13k? Do I create a new entry on Schedule E for allowable business interest expense?
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