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June 9, 2020
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On the Schedule k-1 limited partnership section, if I enter ordinary interest and dividends, do I also have to enter them in the regular interest and dividend sections?

  • June 9, 2020
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On  the Schedule k-1 limited partnership section, if I enter ordinary interest and dividends, do I also have to enter them in the regular interest and dividend sections?
Best answer by Critter

NO.... NEVER enter anything twice.   The K-1 screen distributes the information on the K-1 to all the places it needs to go on the form 1040. 

1 reply

Critter
CritterAnswer
Employee
June 9, 2020

NO.... NEVER enter anything twice.   The K-1 screen distributes the information on the K-1 to all the places it needs to go on the form 1040. 

Olaf22Author
June 11, 2020

Thanks, that's what I thought but with the IRS you never know