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chasb
New Member

My K-1 shows money from dividends, and capital gains. However, after posting in Turbotax, nothing shows on the k-1 line of the Income Summary. Why not?

My K-1 pertains to income from a Charitable Remainder Trust of which I am the beneficiary. 

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Accepted Solutions
ChelsiE2
New Member

My K-1 shows money from dividends, and capital gains. However, after posting in Turbotax, nothing shows on the k-1 line of the Income Summary. Why not?

If your Schedule K-1 only shows investment income (i.e. interest, dividends, and/or capital gains) these amounts will be reported on your investment schedules and not as Schedule K-1 income.  

Interest and dividends will be reported on Schedule B.  Capital gains/losses will be reported on Schedule D.

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1 Reply
ChelsiE2
New Member

My K-1 shows money from dividends, and capital gains. However, after posting in Turbotax, nothing shows on the k-1 line of the Income Summary. Why not?

If your Schedule K-1 only shows investment income (i.e. interest, dividends, and/or capital gains) these amounts will be reported on your investment schedules and not as Schedule K-1 income.  

Interest and dividends will be reported on Schedule B.  Capital gains/losses will be reported on Schedule D.

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