There isn't sufficient information to respond:
- Are you passive or active in the K-1 activity?
- What type of income is the K-1 generating?
- Your title only speaks to "dividend" income. Is this the only item on the K-1, or is this the only item you have a question about? Dividends are considered portfolio income and not business income.
- Do you have any carryovers from prior year(s)?
- All of the above questions will impact the ability to respond to your question
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
