Question
Income or Loss from Pships: Indiana Schedule A vs Federal Amounts
I have an aggregate net loss position on my federal filing for income/loss from partnerships. However, I had positive income from my investment in IN (line 2 and line 5 of K-1). Line 2 income appears on Schedule E. What am I supposed to enter in Column B of Schedule A Section 1, Line 13?
Separately, Box 20 of the K-1 shows business interest expense. How and where does this flow through on either or both of federal and state returns?
