Box 2a and 2b error in TurboTax

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So I received a form K-1 from the estate of my mother. In box 2a it says 1936. In box 2b it says 15,101. When I enter those numbers TurboTax says "Box 2b should not be greater than the total dividend amount".

Box 3, also, says 15,101.

Does this mean I need to change the entry of box 2b to 1936? I would think one should put what the form says.

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DavidD66Answer

Alumni - Intuit

Expert Reviewed

You are correct, you should enter what is on the form. It sounds to me like you have one or more errors on the K-1. Qualified Dividends are a subset of Ordinary Dividends; therefore, by definition, the former cannot be greater than the later. It seems highly improbable that Net short-term capital gains (box 3) are exactly the same amount as Qualified Dividends (box 2a). I suggest you contact the executor of your mother's estate to get some clarification and a corrected Schedule K-1.

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DavidD66Answer

Alumni - Intuit

Expert Reviewed

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M-MTax

Level 15

Qualified dividends are a subset of ordinary dividends.

If the qualified dividends on the K-1 are greater than the ordinary dividends, you need to contact the executor or the person responsible for preparing the 1041 and K-1s for the estate.