@Jo-Homeseller wrote:
Do I say because its from a Partnership it would be "other" line 20 OR does the type of company that originally produced the dividend at the K-1 level determine which line I place the dividend amount.
This does NOT constitute tax or legal advice but I would opt for the latter.
Section 702(a)(5) of the Internal Revenue Code essentially states that dividends received by a partnership retain their character when distributed to partners while Section 243(a) simply refers to amounts received as dividends (which gives rise to the DRD).
Therefore, direct ownership of shares in the distributing corporation does not appear to be required and the dividends should retain their character when passed through to the corporation.
