Colmatt
Level 5

K-1 has dividend income of 12,000 and other on line 5 14,000.  Line 14 H is -11000.  How do I treat this?

 

Thanks

0 Cheers
sjrcpa
Level 15

The K-1 Code sheet tells you exactly where it goes.


The more I know the more I don’t know.

View solution in original post

Colmatt
Level 5

I do see that it is an adjustment for section 1411 net investment income.  In this case the taxpayer does not go above the NIIT threshold of $125,000 so it seems this amount doesn't affect this return this year.  Let me know if I'm thinking correctly. 

 

Let me say, I am always so appreciative of your posts.  Although I am very old, I am still not too old to learn from your expertise.   

0 Cheers
sjrcpa
Level 15

You are thinking correctly.


The more I know the more I don’t know.
Colmatt
Level 5

Thanks again.