I need to input interest expense in connection with ownership interest in a partnership. I've found Schedule E part 1 for rentals, but how do I get to Schedule E part 2?
I need to input interest expense in connection with ownership interest in a partnership. I've found Schedule E part 1 for rentals, but how do I get to Schedule E part 2?
What do you need to input on page 2 of Schedule E?
You can get there through Forms Mode, but that is not available in the online versions and there is typically no need to make direct entries on page 2.
What "interest" do you want to deduct ? Was this on a loan to buy into the partnership or a loan you are paying on FOR the partnership ? If the latter are you required to pay this loan in the partnership agreement?