Re: I am preparing a return for a new client who has a business interest expense limitation carryover (form 8990) from a prior year. Where do I input this amount?

anitadoherty · ‎10-06-2020

PhoebeRoberts · ‎10-06-2020

In the K-1 input screen, last two items in the section Line 13 Other Deductions.

itonewbie · ‎10-07-2020

Under Miscellaneous Forms > Limitation on Business Interest Expense (8990). Check the box for Individual subject to section 163(j) limitation, if applicable, and look for the line Disallowed business interest expense from prior years.

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Still an AllStar

I am preparing a return for a new client who has a business interest expense limitation carryover (form 8990) from a prior year. Where do I input this amount?

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