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S
spequigney
April 11, 2025
Question

interest income from us obligations listed schedule b

  • April 11, 2025
  • 1 reply
  • 0 views
1120S K-1 has dividend from US obligations and the amount is entered in both line 4a and 4b. The amount also is shown on Schedule B Part 1 as interest income. Perhaps an early incorrect entry, but I need to know how to remove it.

1 reply

D
DianeW777
April 15, 2025

Remove the US obligation interest from the K1, then enter it as interest income and be sure to put that amount in Box 3.

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