There, you can also enter business interest expenses and income, taxable income, prior year gross receipts, Partnership pass-through items, and Schedule B information related to the calculation of Form 8990. Enter general information related to the business interest expense limitation on Screen 8990 in the Schedule K folder.To calculate and print Form 8990, use the following input screens and fields. Refer to the Form 8990 instructions for more information on the filing requirements and calculations. The form calculates the section 163(j) limitation on business interest expenses in coordination with other limits. The new section 163(j) business interest expense deduction and carryover amounts are reported on Form 8990. If you need additional assistance, please consult your qualified technician and/or the vendor who developed the resource. We provide access to these resources for your convenience, but we are not responsible for their accuracy. This icon appears alongside links to resources that are not developed or maintained by Thomson Reuters.
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