I have $3 for 199A (Box 5) from a 1099-DIV form for a Vanguard Balanced Index Admiral fund. When this is entered it is creating a Schule K-1 Partnerships and it is asking me enter partnership name and asking me to choose General or Limited Partner. I have no idea what to enter. Can someone help?
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It shouldn't have created a K-1, but you do get a tiny little business credit for it. Go ahead and leave the partnership name blank and enter limited partner and move on.
Just to check - you did enter the amount from box 5 of the 1099-DIV into the box 5 entry on the 1099-DIV form, correct?
[Edited 04/29/2025 08:21 AM]
If I'm not mistaken, when you enter your 1099 DIV information in TT there should be a question if any more boxes have information. Clicking on this should open up additional boxes to enter the Section 199A amount.
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