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Level 3
March 17, 2025
Question

Net Investment Income Calculation Partnership

  • March 17, 2025
  • 1 reply
  • 8 views

I am preparing a partnership tax return.  Proseries is not adding capital gain distributions and tax exempt interest income into the investment income calculation.  Is there a reason?

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1 reply

sjrcpa
Level 15
March 17, 2025

Tax exempt interest shouldn't be included.

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