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If my $11,695 distribution was from a k1 and it is appearing under 1099 DIV that does not seem correct as under 1099 DIV your instructions say not to input K1 divi there
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posted
June 4, 2019
4:12 PM
last updated
June 04, 2019
4:12 PM
2 Replies
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If my $11,695 distribution was from a k1 and it is appearing under 1099 DIV that does not seem correct as under 1099 DIV your instructions say not to input K1 divi there
The dividends from your K-1 should be reported as dividends for tax return purposes. The instructions for the 1099-DIV section in TurboTax tell you not to enter K-1 dividends there because TurboTax will automatically flow the dividends from your K-1 to that section on its own. If you enter these K-1 dividends in that section and the K-1, then you would wind up double reporting your income.
June 4, 2019
4:13 PM
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If my $11,695 distribution was from a k1 and it is appearing under 1099 DIV that does not seem correct as under 1099 DIV your instructions say not to input K1 divi there
I have the same problem. My K-1 distribution is adding up with my Stock Dividend 1099-Div and showing $0.00 for my K-1 distribution. This is screwed up.
June 4, 2019
4:13 PM
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