402672
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

sjarntz
New Member

For my schedule K-1, I'm being told that Box 2b should not be greater than the ordinary dividend amount, but it is on the form that I was provided, prepared by CPA.

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
dmertz
Level 15

For my schedule K-1, I'm being told that Box 2b should not be greater than the ordinary dividend amount, but it is on the form that I was provided, prepared by CPA.

TurboTax is correct.  Qualified dividends are a portion of the ordinary dividends reported, so they cannot possibly exceed ordinary dividends. In other words, any amount that is present on line 2b must also be included on line 2a.  It works the same way as boxes 1a and 1b of Form 1099-DIV.

Contact the CPA to obtain a corrected Schedule K-1.

View solution in original post

2 Replies
dmertz
Level 15

For my schedule K-1, I'm being told that Box 2b should not be greater than the ordinary dividend amount, but it is on the form that I was provided, prepared by CPA.

TurboTax is correct.  Qualified dividends are a portion of the ordinary dividends reported, so they cannot possibly exceed ordinary dividends. In other words, any amount that is present on line 2b must also be included on line 2a.  It works the same way as boxes 1a and 1b of Form 1099-DIV.

Contact the CPA to obtain a corrected Schedule K-1.

For my schedule K-1, I'm being told that Box 2b should not be greater than the ordinary dividend amount, but it is on the form that I was provided, prepared by CPA.

It could be you that is confused.  I was. The numbers for line 11 are right across from those of 2.  Check that before going back to the CPA.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question