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posted Jun 1, 2019 1:54:34 PM

Using TT Business filing a 1065. Where do I enter the following 1099-div information- Exempt-interest dividends and Specified Private Activity Bond Interest Dividends?"

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Level 15
Jun 1, 2019 1:54:34 PM

"Exempt-interest dividends and Specified Private Activity Bond Interest Dividends?"

 

Exempt interest dividends are entered in Forms Mode on Line 18 (see screenshot), specifically Line 18a of Schedule K if the dividends were received as a shareholder in a mutual fund or other regulated investment company.

 

See https://www.irs.gov/instructions/i1065#idm140538036228064

 

Specified private activity bond interest dividends (from Line 12 of 1099-DIV) would be entered on Line 17f of Schedule K as "Other AMT items", also in Forms Mode.

1 Replies
Level 15
Jun 1, 2019 1:54:34 PM

"Exempt-interest dividends and Specified Private Activity Bond Interest Dividends?"

 

Exempt interest dividends are entered in Forms Mode on Line 18 (see screenshot), specifically Line 18a of Schedule K if the dividends were received as a shareholder in a mutual fund or other regulated investment company.

 

See https://www.irs.gov/instructions/i1065#idm140538036228064

 

Specified private activity bond interest dividends (from Line 12 of 1099-DIV) would be entered on Line 17f of Schedule K as "Other AMT items", also in Forms Mode.