I have an LLC1 through which used to consult. I stopped consulting through LLC1 some-time ago and happened to invest in a Brewery through LLC1. The brewery pays qualified dividends to LLC1, which are deposited into a brokerage account. The money in the brokerage account is then invested into mutual funds. The brokerage issues LLC1 a 1099-Div, 1099-Int, 1099-Misc, and 1099-B. These subsequently have qualified and not qualified dividends, interest and capital gains (on stock sales).
LLC1 also owns LLC2, which is a consulting company. I created a self-employed 401K through LLC1 some-time ago. I want to declare the various investments and income from LLC2 as income to LLC1. I want then to be able to maximize my contribution to my self-employed 401K from LLC1.
I want to properly classify the "qualified dividends" paid to and "long-term capital gains" earned by LLC1. How do I do that in TuboTax Home and Business?