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August 7, 2019
Question

I entered my K-1 beneficiary Dividend under Schedule K-1 income but it shows 0 and the amount is showing up under Dividends on 1099-DIV. How can I fix this?

  • August 7, 2019
  • 2 replies
  • 0 views
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2 replies

Employee
August 7, 2019

There is really nothing to fix. The program inserts the figures where they need to go on the requisite forms.

 

It is normal for the K-1 section to show "0" after entering information from a K-1; the figures entered are reflected in other sections.

August 7, 2019

Thank you!  That is helpful.

August 7, 2019

dividends and some other income shown on form 1041 schedule K-1 do not get reported on schedule E page 2.  for dividends and interest they get carried to  schedule B.  on schedule E page 2 there may appear the name and ID number of the trust but no income

 

Employee
August 7, 2019

@twinoakhudson, I believe, is referring to the display in the program, not on the forms (see screenshot).

 

k1.png

August 7, 2019

Thank you, I was referring to both the display and the forms. The answers have helped me feel comfortable with my return.