What amount get's added to the "Paid to acquire partnership" line on the Interest Expenses page? Is this the total initial loan? Or the principal amount?
01208
1 Replies
TurboTaxSusan
Moderator
Feb 13, 2023 2:10:03 PM
It is the interest on money borrowed to acquire an interest in a limited partnership or a partnership in which you are not an active partner.