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Get your taxes done using TurboTax
I understand now (I believe I do, at least).
If there is one K-1 (and you are distributing all of the income, which are only dividends), then it would show $41,000 as ordinary dividends (Line 2a) and $40,000 qualified dividends (line 2b).
The $3,000 loss would have no impact if you are distributing all of the income.
March 10, 2022
1:18 PM