topic How do I enter by Business Interest and Dividends in Business & farm

How do I enter by Business Interest and Dividends

TimeHorse — Tue, 10 Feb 2026 10:44:37 GMT

I have TurboTax for small business and one of my businesses has two Interactive Brokers accounts which issued 1099-INT and 1099-DIV. The problem is, it's the business what owns these accounts, not me personally. Yet, to enter them, I have to enter them as personal gains. But the Business owns these accounts and assets, and the account is tied to my business account. How can I move these INT and DIV earnings to the business and out of my personal taxes??

Re: How do I enter by Business Interest and Dividends

Bsch4477 — Mon, 26 Feb 2024 03:00:39 GMT

What is the structure of your businesses, corporations?

Re: How do I enter by Business Interest and Dividends

Mike9241 — Mon, 26 Feb 2024 04:48:09 GMT

Only in the case of a C-corporation would the income be taxed at the entity level, For a partnership or S_Corp these items are treated as being earned/distributed pro-rata to the owners based on their ownership %.

so if it's an S-corp and you are the sole owner, all the brokerage activity is taxed to you just like the other income/loss of the business.