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April 9, 2024
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Dividends from MLP

  • April 9, 2024
  • 1 reply
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My K-1 lists Ordinary Dividends on 6a and 6b, yet I have never received payments other than non-dividend distributions, which are listed in box L.  Shouldn't I have received the dividend payments listed on 6a/6b?

    Best answer by nexchap

    No.  Those are the dividends the partnership received, just like Box 1 is the profit/loss for the partnership.  As a partner, you report all this on your return.  If any of it raises/lowers your taxes, then those items also raise/lower your basis changing what you owe when you eventually sell.

    1 reply

    nexchapAnswer
    April 9, 2024

    No.  Those are the dividends the partnership received, just like Box 1 is the profit/loss for the partnership.  As a partner, you report all this on your return.  If any of it raises/lowers your taxes, then those items also raise/lower your basis changing what you owe when you eventually sell.

    **Say "Thanks" by clicking the thumb icon in a post**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user. Use any advice accordingly!