Where should I report interest income of partnership? what line?

Question

i know i have to complete k1 1065, where do i report interest income?

Answer 1

Interest income for a partnership is a separately stated item. It is not included in the profit/loss of the partnership.

The total amount of the interest income is shown on Schedule K of the partnership's 1065. Each partner's share is then shown on the partner's K-1.