sara-hk
New Member

Where do I enter the return of capital on the K-1 form?

 
DawnC0
Intuit Alumni

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On form 1120S Schedule K-1, distributions are reported in box 16 with code D.

On form 1065 Schedule K-1, distributions are reported in box 19.

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For the 2019 return, what amount goes on Box 19, item A, when the note says that the distribution includes a return of capital? The K-1 shows $50 in Box 19A while the notes state a $23 return of capital. Where do I report each amount?