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This article applies to:

  • Product: ONESOURCE Income Tax Express RS
  • Return type: 1065 Partnership
  • Subject: Print requirements

Form 1065 Line 15 calculations

Line 15 on Federal Form 1065 Page 1 may show an incorrect value when Form 8990 auto-calculates business interest expense limitations. Suppress the auto-calculation to enter the correct amount.
To suppress the auto-calculation:
  1. Go to
    Organizer
    Informational Forms
    Limitation on Bus Interest Expense
    Adjustments
    Options
     section.
  2. Mark the
    Suppress auto calculation for Form 8990 line 1, 6 , and 23
     checkbox.
  3. Do a full recompute, then print.

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