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Level 1
June 4, 2019
Solved

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.

  • June 4, 2019
  • 1 reply
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Best answer by dmertz

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.

1 reply

dmertzAnswer
Level 15
June 4, 2019

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.

Level 2
June 4, 2019
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.