Section 199A dividends are generally reported on 1099-DIV box 5. In TurboTax Online report the dividends under Federal / Wages & Income / Your Income / Dividends on 1099-DIV.
The dividends may also be reported on an a K-1 at Federal / Wages & Income / Your Income / Schedule K-1.
The dividends are eligible for the Qualified Business Income Deduction. This deduction, created by the 2017 Tax Cuts and Jobs Act, allows non-corporate taxpayers to deduct up to 20 percent of their Qualified Business Income.
The deduction will be claimed on either Form 8995, Qualified Business Income Deduction Simplified Computation, or Form 8995-A, Qualified Business Income Deduction.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
