I earned interest on money held in a partnership. How should I report this?

Category : Income Tax Filing Across The USA
Posted On : 26th Nov 2010

I earned interest on money held in a partnership. How should I report this?

Money that you made in a partnership will most likely be reported to you using a K-1 form. There is a special line on this form for interest income. The interest should be reported along with other interest income separate from the rest of the partnership income.

0 Reviews from our clients

What people say about this article

Your order has been processed successfully, congratulations! To check the status of your order, log in on the front page.
Our customer service number is 1+(516).822.3100.