renee8
Level 2
03-20-2024
09:19 AM
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After importing K1/1065 info on a client's 1040, the income is allocated under Interest Income instead of Partner income. Is this a know issue? If so, is there a work around? This didn't happen on last year's return, the income from a Partnership LLC was allocated under "Rent, royalty, partnership, SCorp, trust -- not interest income.
Thanks in advance!
Renee