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Investors & landlords
No. If you have taxable foreign dividends they must be included with other taxable income. If you have deductions then they will be used as well if you can itemize your deductions. The dividend income from your 1041-K1 should be shown on line 2a or 2b. Line 14 would simply be additional information about those dividends possibly. In the instructions for the 1041-K1 there is no '14B'.
- Form 1041-K1 Instructions (see Box/Line 14)
If your additional statement shows foreign dividends and itemized deductions enter only what is on your K1 and additional statements. Do not enter any information in fields where do not have any figures.
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March 2, 2023
12:52 PM