@Steelydan989 wrote:
What figure for qualified dividends would be entered on the K-1?
I hope you are into math.
You would divide 38,000 by 41,000 which results in .926829 (38,000/41,000 = .926829).
Multiply.926829 by 40,000 (the qualified dividend amount) which results in 37,073 (.926829 x 40,000).
$37,073 of the qualified dividends are reported on the K-1 and $2,927 are allocated to the trust (37,073 + 2,927 = 40,000).
NOTE: I am assuming you realize there is no loss carryover with this distribution as you are using the $3,000 loss to offset part of the dividend income.
