55660
The following diagnostic is generating: The partnership must report the partner's amount of deductible business interest expense for inclusion in the separate loss class for computing any basis limitation (defined in section 704(d), Regulation section 1.163(j)-6(h)). These amounts are automatically computed and allocated based on profit percentages. Specially allocate as needed to reflect each partner's actual amount of deductible business interest expense reflected elsewhere on each partner's Schedule K-1. (ref. #55660)
