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Level 2
October 6, 2020
Question

I am preparing a return for a new client who has a business interest expense limitation carryover (form 8990) from a prior year. Where do I input this amount?

  • October 6, 2020
  • 2 replies
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2 replies

PhoebeRoberts
Intuit Community Champion
October 6, 2020

In the K-1 input screen, last two items in the section Line 13 Other Deductions.

itonewbie
Level 15
October 7, 2020

Under Miscellaneous Forms > Limitation on Business Interest Expense (8990).  Check the box for Individual subject to section 163(j) limitation, if applicable, and look for the line Disallowed business interest expense from prior years.

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