How to enter certain items from 1099-DIV on LLC (Form 1065) return

[chicagoflyski]

First year preparing an LLC Return (Form 1065).  Cannot figure out how to report the following items from the entity's 1099-DIV from Charles Schwab in TT Business.

1) Box 7 - Foreign Tax Paid

2) Box 12 - Specified Private Activity Bond Interest Dividends

Obviously need these to end up on the K-1s so these items are appropriately recorded on the individual partners' returns.

Thanks so much!

[Anonymous_ · Accepted solution]

You will have to enter those items directly on page 4, Form 1065 (Schedule K) in Forms Mode.

1) The foreign transactions section.

2) Line 17 (f) - use the dropdown and select Other AMT items.

[kaseibert]

it is ridiculous that Turbo tax does not give us a better system for entering the 1099s   They need to fix this !!!  we use turbo tax because we are not accountants!!!