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Entering Interest Income on a Partnership return in Lacerte

by Intuit Updated 7 months ago
  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.

Lacerte Tax

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