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New Member
posted Aug 6, 2019 5:46:28 PM

I entered my K-1 beneficiary Dividend under Schedule K-1 income but it shows 0 and the amount is showing up under Dividends on 1099-DIV. How can I fix this?

0 6 1909
6 Replies
Level 15
Aug 6, 2019 5:57:15 PM

There is really nothing to fix. The program inserts the figures where they need to go on the requisite forms.

 

It is normal for the K-1 section to show "0" after entering information from a K-1; the figures entered are reflected in other sections.

Not applicable
Aug 6, 2019 10:44:02 PM

dividends and some other income shown on form 1041 schedule K-1 do not get reported on schedule E page 2.  for dividends and interest they get carried to  schedule B.  on schedule E page 2 there may appear the name and ID number of the trust but no income

 

Level 15
Aug 6, 2019 11:26:35 PM

@twinoakhudson, I believe, is referring to the display in the program, not on the forms (see screenshot).

 

New Member
Aug 7, 2019 10:32:10 AM

Thank you!  That is helpful.

New Member
Aug 7, 2019 10:33:55 AM

Thank you, I was referring to both the display and the forms. The answers have helped me feel comfortable with my return.

New Member
Aug 7, 2019 10:34:17 AM

Thank you, very helpful!