tax newbie1 Posted February 26, 2011 Report Share Posted February 26, 2011 Hi, I have a client that gave me a form 1065 schedule K-1 for 2009 tax year that has ordinary loss about ~$9K and interest income of ~$4K. He has no basis (he works for the LP, and they gave him some shares). I know I have to report the interest income on schedule B, but can I report the loss up to the gain amount of interest income on schedule E Part II on line 28h? Thank you for your help. Quote Link to comment Share on other sites More sharing options...
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