Hello good afternoon,
I have a question, how do I report the dividends paid to officers on 1120 form? I know for 1120-S we prepare the Schedule K-1 and that's how it is reported for 1120-S, but what's the equivalent of that bu for 1120?
Many thanks!
1099DIV and schedule M on the 1120.
Thank you!
You betcha!
Dividends are paid to shareholders (who may or may not be officers). I hope all shareholders got their pro rata share.
