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From 8960 - Other modifications Line 7
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From 8960 - Other modifications Line 7
From 8960 - Other modifications Line 7
Submitted by GSwanson on 03-24-2022 02:44 PMInterest income earned in the ordinary course of business and interest income on K-1 not subject to net investment income tax not flowing to Line 7 of form 8960. 2020 and prior program provided input in interest income section for "portion of interest derived in the ordinary course of a trade or business (form 8960). K-1 interest income (non-passive) also flowed correctly.
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