Question
Schedule K-1 Line 13 coded as ZZ $180000
Shcedule K-1 Box 13zz shows other deductiond ..Business Interest deductions of 180k as shown above
explaination said that it is deductible on the individual income tax return Echedule 3 p2. The person is an employee and not a partner , is it still deductible ?? Interest income on k-1 is 50K
