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.
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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