On my schedule K-1 the line 16 amounts are added and listed in line 5a as ordinary dividends of the K1 as well as on line 16.
assuming the S-corp did not receive dividend income this should not be. could be a program bug or you may have answered a question incorrectly when preparing the return. why the amount is on the k-1 but not schedule K is a mystery. you'll need to file an amended S-Corp return so a corrected k-1 can be filed.
When filing my personal Turbotax return, I fill out the information from the k-1 and it includes the amount from the K-1 Line 5a as income to me.
don't do this since 5a should b blank based on what you stated.
I think it's a glitch in the Business filing because I've already paid taxes on those distributions through my personal form 8995.
dividend income from any source is not QBI and thus should not be reported on form 8995.
it is difficult to give specific instructions because we have no access to the return.
