VAAcct434
Level 2
03-25-2021
11:53 AM
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Yes, I'm amending the 1065 and filing electronically. The entry was confusing because when I attempted to delete the ordinary dividend amount from line 6a and just enter the qualified dividend amount on 6b, I got an error. In re-reading the IRS instructions for these line items, I now see that the total amount of taxable dividends, including the qualified dividend amount goes on line 6a and the qualified dividend amount goes on line 6b. On the K-1s, it might appear to the recipients that we are reporting duplicate dividend income, however, their tax advisors should be able to explain that this is just a qualification.