topic Re: How do I enter the 1250 gain from a 1099-div into turbotax buisness in Business & farm

How do I enter the 1250 gain from a 1099-div into turbotax buisness

eboman11 — Mon, 09 Mar 2026 08:08:06 GMT

I received a 1099-DIV from a brokerage account looks to be from a REIT in the account. Turbotax did not ask me to enter the amount.

Re: How do I enter the 1250 gain from a 1099-div into turbotax buisness

ColeenD3 — Sun, 13 Mar 2022 20:50:16 GMT

You would have to click the box that allows you to enter more information. It is the same as the one on the 1099-INT screens.

Re: How do I enter the 1250 gain from a 1099-div into turbotax buisness

eboman11 — Sun, 13 Mar 2022 21:12:33 GMT

Turbotax Business for an LLC does not have that box and it only asks for the total of

Ordinary Dividend Income

Qualified Dividend Income

Dividend Equivalent

Section 199A (REIT) Dividends

Re: How do I enter the 1250 gain from a 1099-div into turbotax buisness

JulieS — Mon, 14 Mar 2022 22:31:32 GMT

I am assuming you are filing a Form 1065 for your LLC.

You can enter this information using Forms mode:

Select the white Forms icon in the upper right corner.
Find Form 1065 p 4-5 in the list on the left and highlight it.
Scroll down to line 9c.
Click on the plus sign to the left of this field.
Create your supporting statement by entering Unrecaptured 1250 gain from 1099-DIV as the description and enter the amount to the right.
When you are done, you can return to the interview by clicking on Step by Step in the upper right corner.

Re: How do I enter the 1250 gain from a 1099-div into turbotax buisness

eboman11 — Thu, 17 Mar 2022 16:10:44 GMT

Tried that already, It puts a value in line 10 which is wrong and then says its an error to place a value directly in line 10. Says to use form 4797. So I looked at 4797 and the smart worksheet for it has an entry for 1250 gain from a pass thru entity. I entered the info there and it filled out line 9c and line 10 correctly and also the generated K1s for the LLC. Don't know if it was the right way to do it since the 1250 gain was from a 1099-div and not a K1 that the worksheet calls out, but I figured the entity in the brokerage account that generated the 1250 gain is a REIT and would be a pass thru entity.