Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Thu, 26 Sep 2024 10:20:25 GMT by Ziptoo Glo
I would like to know where entries on a US form K1 should go on a self assessment return. The K1 relates to an interest in a US partnership and shows ordinary business income, interest, dividends and capital gains and deductions which are mainly for Interest expense on investment debts and portfolio deductions. Questions: 1. Please confirm that the business income, interest and dividends should be included in boxes 8, 31 and 68 respectively on the partnership pages of the self assessment return. 2. Where should the capital gains be shown? 3. Are the portfolio deductions set off against the capital gains? 4. Is the Interest expense on investment debts set off against the capital gains? Thank you
Posted Wed, 02 Oct 2024 06:51:40 GMT by HMRC Admin 8 Response
Hi,
This forum is for general queries only and is intended to help you self-serve.
We are unable to provide specific advice tailored to individual circumstances:
Self Assessment: general enquiries
Thank you.

You must be signed in to post in this forum.