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January 16, 2023
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1065 Form: Where do I report bank dividends from checking and cash rebates?

  • January 16, 2023
  • 1 reply
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I am filling out 1065 form. I am not sure where do I report bank dividends for our checking account and the cash rebates for our credit card. Any help would be much appreciated.

Best answer by Anonymous_

Rebates from products, services, supplies, etc., purchased for your business are really discounts on the prices of those assets/expenses and are not reported on your 1065.

 

With respect to interest, refer to the screenshot below.

 

Untitled.png

1 reply

Employee
January 17, 2023

Rebates from products, services, supplies, etc., purchased for your business are really discounts on the prices of those assets/expenses and are not reported on your 1065.

 

With respect to interest, refer to the screenshot below.

 

Untitled.png