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Where do 1099-DIV items go on a K-1?
Is there a map of where the values in each box on a 1099-DIV should end up on a 1065 Schedule K-1?
E.g., I'm pretty sure that the sums of 1099-DIV box 1b should be allocated to Schedule K-1 Box 6b. But I can't easily tell how all of the other values should map.
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Where do 1099-DIV items go on a K-1?
Are you trying to complete a form 1065 then enter the income in the program where it belongs and the program will populate the K-1 automatically. Look at the K-1 form and read the lines ... div are on line 6 ... https://www.irs.gov/pub/irs-pdf/f1065sk1.pdf
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Where do 1099-DIV items go on a K-1?
Sure, 1099-DIV Box 1 is easy.
Where on a K-1 do the following values from a 1099-DIV belong?
- Box 2: Total capital gain distributions
- Box 3: Non-dividend distributions
- Box 5: Section 199A Dividends
- Box 7: Foreign tax paid
- Box 11: Exempt-interest dividends
- Box 12: Specified private activity bond interest dividends
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Where do 1099-DIV items go on a K-1?
Are you using a TT program ? If so you will enter all the 1099-Div information on the 1099-Div entry screen. Are you not finding this entry screen ?
If you are trying to do this manually then use the 1065 instructions from the IRS or employ a local professional tax pro. And if you have not put the partnership on extension then you are now very late as the return was due 3/15 and the penalties are wracking up monthly.
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