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jo-malo
New Member

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

 
2 Replies

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.  

peosenni2
New Member

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.
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