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jAYMUT
New Member

199A Mess with Turbotax

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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2 Replies
RobertB4444
Expert Alumni

199A Mess with Turbotax

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]

 

@jAYMUT 

 

@jAYMUT 

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199A Mess with Turbotax

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.

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.

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