turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

spequigney
Returning Member

interest income from us obligations listed schedule b

1120S K-1 has dividend from US obligations and the amount is entered in both line 4a and 4b. The amount also is shown on Schedule B Part 1 as interest income. Perhaps an early incorrect entry, but I need to know how to remove it.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
DianeW777
Expert Alumni

interest income from us obligations listed schedule b

Remove the US obligation interest from the K1, then enter it as interest income and be sure to put that amount in Box 3.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question