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- Excess business Interest Expense carryforward input?
Excess business Interest Expense carryforward input?
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ELJ_CPA
Level 1
04-02-2023
01:58 PM
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I have a new 1040 client whose 2021 Form 8990 Schedule A shows a carryforward of excess business interest expense on line 43 column (i). Query: How/where do I input in 2022 return?
I see a line on the basis carryforward input tab for 1065 Schedules K-1, but when I input the amount there, it gets lumped in with the current year excess business interest expense from the 2022 Schedule K-1.
Thoughts or suggestions welcome.
Thank you!
E
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