topic I have a schedule K-1 from a trust I inherited last year. I entered the info from that but now TurboTax is requiring me to enter 1098-DIV. what do I enter for that? in Business & farm

I have a schedule K-1 from a trust I inherited last year. I entered the info from that but now TurboTax is requiring me to enter 1098-DIV. what do I enter for that?

unclejamie2020 — Sat, 13 Mar 2021 22:52:16 GMT

Re: I have a schedule K-1 from a trust I inherited last year. I entered the info from that but now TurboTax is requiring me to enter 1098-DIV. what do I enter for that?

M-MTax — Sun, 14 Mar 2021 00:22:08 GMT

K-1 and 1099-DIV are separate statements....enter them both if you received one of each.

Re: I have a schedule K-1 from a trust I inherited last year. I entered the info from that but now TurboTax is requiring me to enter 1098-DIV. what do I enter for that?

unclejamie2020 — Sun, 14 Mar 2021 00:39:24 GMT

I inherited a trust last year. The assets were liquidated and dispersed as cash. The dividend interest is reported on the Schedule K-1. I do not have any 1099-DIVs as I did not directly inherit any stock. According to other questions I’ve found here, TurboTax takes the K-1 info (which is showing as $0 in the income summary even though all the K-1 info is entered) and puts it indifferent places, like under 1098-DIV. However, this isn’t being transferred in my case. TurboTax keeps asking me to enter the 1099-DIV info.