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Entering Interest Income on a Partnership return in ProConnect Tax
by Intuit• Updated 6 months ago
- Go to Input Return ⮕ Schedule K ⮕ Other Schedule K Items.
- Under the Income (Loss) section, enter the interest income received by the partnership in Interest Income.
The amount will print on the Schedule K (1065), line 5 and allocated to the partners on the Schedule K-1. To allocate the interest differently than the partner percentages, use Special Allocations.