Entering Interest Income on a Partnership return in ProConnect Tax

1. Go to Input Return ⮕ Schedule K ⮕ Other Schedule K Items.
2. 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.