mike188
Level 1
01-31-2020
09:18 AM
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No line for 6c where are they entered. ?
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Level 12
01-31-2020
09:42 AM
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Form 1099-DIV contains no Box 6c.
Assuming what you're asking about is payments in lieu of dividends, I believe the appropriate presentation is Schedule 1 Line 8 (Other income, what used to be Line 21), not subject to SE tax, subject to NIIT. You get the same tax answer with fewer Lacerte entries by calling it non-qualified dividends.
itonewbie
Level 15
01-31-2020
09:46 AM
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Reading the instructions for 1065 K-1 will help answer your question. Unless your client is a foreign partner and is subject to §871(m), which deals with derivatives that help avoid the higher 30% withholding for residents of non-treaty countries, this is not relevant and not entered anywhere.
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George4Tacks
Level 15
01-31-2020
09:53 AM
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@mike188 Which form are you looking at with this line 6c?
Answers are easy. Questions are hard!