Hello,

My client received a K-1 with excess business interest expense (line 13 code K).  I understand this is not provided for in the program.  I am confused what I should be doing with this.  Should I complete form 8990 and if so, am I able to deduct the excess business interest expense.  I also realize that that previous 3 years had a number on this line, but it did not flow anywhere on the 1040.  This partnership is now sold and the partner (my client) said she was told she can have offsets to her income from the k-1.  Box 1 has a very small loss, so I am unsure.  Any guidance?