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Level 1
March 10, 2021
Question

Kave K-1 with line 13 Code W Description is "Interest subject to Tracing". Where is this entered in Proconnect?

  • March 10, 2021
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1 reply

itonewbie
Level 15
March 10, 2021

There is no fixed place to enter that.  You need to get the supplemental information about that interest expense, apply the relevant rules, and enter that on the input screen for the schedule/form relevant to that particular expense.

---------------------------------------------------------------------------------Still an AllStar