K1 dividend income is not appearing in the Income Summary

Forum|Forum|1 year ago
March 27, 2025
2 replies
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I have entered all the requested information from my K1s into the form fields but the Income Summary for the K1 section is zero. The information is displayed on the appropriate forms/worksheets. Using TurboTax Premier.

Best answer by ThomasM125

I suggest you look on your Schedule B to see if the dividends show up there, and also on Form 1040 line 3. If so, your return will be correctly stated in spite of what the income summary worksheet shows.

DawnC

Employee

Are you using the desktop software? Or TurboTax Online? The income may be showing under the Business Tab. Have you went through the review section yet; are there any errors?

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DuglusAuthor

Hi DawnC thanks for your reply, I am using desktop software. All of the ‘business’ items show zeros. The Smart Check review is hunky dory. The program imported the K1s and other info. from my 2023 return which I then proceeded to EDIT with new info from the 2024 K1s. Maybe I need to DELETE and start from scratch?

ThomasM125Answer

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Rick19744

Employee

There isn't sufficient information to respond:

Are you passive or active in the K-1 activity?
What type of income is the K-1 generating?
Your title only speaks to "dividend" income. Is this the only item on the K-1, or is this the only item you have a question about? Dividends are considered portfolio income and not business income.
Do you have any carryovers from prior year(s)?
All of the above questions will impact the ability to respond to your question

*A reminder that posts in a forum such as this do not constitute tax advice.Also keep in mind the date of replies, as tax law changes.