https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/need-help-reconciling-form-1065-with-1099-div-from-charles-schwab/01/667596#M29252 I received a 1099-DIV from Charles Schwab. In the Dividends and Distribution section (item 1a.) includes a dividend of $840 from Brookfield Infrastructure Partners. I entered the dollar amount of 1a. into Turbo-tax, and a tax liability was registered.&nbsp;&nbsp;A couple of weeks later I received a 1065 form from BIP. In item 6a. of the 1065 schedule is an amount for Ordinary Dividends. When I entered this amount into Turbo Tax a tax liability was registered. It would appear I am getting taxed double on the same dividend. Once when I entered the amount of item 1a. from Schwab (which includes the BIP dividend) and once again when I entered the amount from the 1065 form. Is this true? If so, what can I do about it? Thu, 06 Jun 2019 10:07:07 GMT krado 2019-06-06T10:07:07Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/need-help-reconciling-form-1065-with-1099-div-from-charles-schwab/01/667596#M29252 I received a 1099-DIV from Charles Schwab. In the Dividends and Distribution section (item 1a.) includes a dividend of $840 from Brookfield Infrastructure Partners. I entered the dollar amount of 1a. into Turbo-tax, and a tax liability was registered.&nbsp;&nbsp;A couple of weeks later I received a 1065 form from BIP. In item 6a. of the 1065 schedule is an amount for Ordinary Dividends. When I entered this amount into Turbo Tax a tax liability was registered. It would appear I am getting taxed double on the same dividend. Once when I entered the amount of item 1a. from Schwab (which includes the BIP dividend) and once again when I entered the amount from the 1065 form. Is this true? If so, what can I do about it? Thu, 06 Jun 2019 10:07:07 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/need-help-reconciling-form-1065-with-1099-div-from-charles-schwab/01/667596#M29252 krado 2019-06-06T10:07:07Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/contact-schwab-and-explain-to-them-what-happened-they-wi/01/667601#M29253 <P>Contact Schwab and explain to them what happened. They will issue a corrected 1099-DIV. That dividend only belongs on the K-1 line 6a. <BR /></P> Thu, 06 Jun 2019 10:07:08 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/contact-schwab-and-explain-to-them-what-happened-they-wi/01/667601#M29253 rogge1722 2019-06-06T10:07:08Z