Question
Problems with K-1 line 13h
Hello,
I received a massive K-1/K-3 from a hedge fund, and I think TurboTax (using Premier Desktop) is overall not very equipped to handle it.
I have a large deduction under section 13h. The instructions attached to the K-1 explicitly say that for individuals this "DEDUCTIBLE BUSINESS INTEREST EXPENSE" should be reported on schedule E. However, TurboTax doesn't list it there, and it seems to be using form 4952, but since I am taking the standard deduction it will not work for me. How can this be overridden?
