joans Posted March 8, 2009 Report Share Posted March 8, 2009 TP received K-1 from 1065 Partnership. There is interest income in Box #20A Other Information. Interest Income goes to the 4952 like it is suppose to. However when I go to create the e-file, it won't let me because supposedly there is to be interest expense? But there isn't. Can I override something on 4952 to allow e-file or do I have to paperfile this return. Any help would be appreciated. Thanks Sara Quote Link to comment Share on other sites More sharing options...
TAXBILLY Posted March 8, 2009 Report Share Posted March 8, 2009 I would not make a Box 20A entry. taxbilly Quote Link to comment Share on other sites More sharing options...
joans Posted March 8, 2009 Author Report Share Posted March 8, 2009 I thought about that, but is the IRS going to question that because it is on the K-1? If they aren't then I will be more than happy to take it off the K-1. Those things are so frustrating sometimes because of the extra work created:) Like we need that on a Sunday afternoon when we should be home doing other work:) Thanks Sara Quote Link to comment Share on other sites More sharing options...
TAXBILLY Posted March 8, 2009 Report Share Posted March 8, 2009 There's nothing to question. It's merely an entry on a form that might be used. In this case it isn't. taxbilly Quote Link to comment Share on other sites More sharing options...
joans Posted March 8, 2009 Author Report Share Posted March 8, 2009 Thanks Taxbilly, Appreciate the info. Not real familiar with the corp part of taxes. Always learning:) Appreciate all the help! Sara Quote Link to comment Share on other sites More sharing options...
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