The current year allowed excess business interest from prior years is being added to page 1, line 5 other income and being deducted twice on schedule K, line 10. It is fully allowed in the current year as there is excess taxable income from the entity where it was disallowed in the previous years. I have contacted lacerte multiple times and they have not updated their software. They agreed it was an issue and sent an email saying it was resolved but yet there is no change.
This discussion has been locked. No new contributions can be made. You may start a new discussion here
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.