Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
V
vcfg
June 6, 2019
Question

From my K-1 (1041) if the amount on line 2a and line 2b are the same , do I have to report both? I'm trying to pay the lowest tax amount.

  • June 6, 2019
  • 1 reply
  • 0 views
Is it required to enter both amounts even if they are the same or can I enter only line 2b qualified dividend and not line 2a ordinary dividend?

    1 reply

    A
    Anonymous_
    Employee
    June 6, 2019

    " Is it required to enter both amounts..."

    Yes, it is required to enter both amounts (i.e., enter everything reported on your K-1) but since the amounts are the same, it will not adversely affect your tax liability. In short, your taxes will not increase as a result of entering both amounts.

    V
    vcfgAuthor
    June 6, 2019
    Thanks
    TurboTax Sign In Widget
    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification