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harveyburger
Level 4
July 19, 2020
Question

How do I report nominee interest income received and paid to a third party on a partnership return?

  • July 19, 2020
  • 1 reply
  • 12 views
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1 reply

George4Tacks
George4Tacks
Level 15
July 20, 2020

Use Schedule K - Interest Income - Investment Expense.

Answers are easy. Questions are hard!
    sjrcpa
    sjrcpa
    Level 15
    July 20, 2020

    I'm leery of the investment expense route. If partners are individuals they cannot deduct investment expenses.

    The more I know the more I don’t know.
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