Entering Interest Income on a Partnership return in Lacerte

1. Go to Screen 22, Other Schedule K Items.
2. Go to the Income (Loss) section.
3. 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 Screen 29, Special Allocations.