Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
With the 7/31 Form 5500 deadline nearing, we've put together a list of resources to help you during this deadline period.
With the 7/31 Form 5500 deadline nearing, we've put together a list of resources to help you during this deadline period.
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Lacerte Tax
- :
- Lacerte Tax Discussions
- :
- C-corp rec'd K-1, dividends and foreign tax paid
C-corp rec'd K-1, dividends and foreign tax paid
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Charper1841
Level 2
10-03-2023
02:58 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I need some help on entry of a K-1 a C-corp received. I have a couple boxes that I can't figure out where to enter. The first is dividends (boxes 6a and 6b) and the other is foreign taxes paid (box 21). If I try to enter these outside of the K-1 screen, my retained earnings and net income are incorrect.
Thanks for the help!
Labels
2 Comments 2
Karl
Level 8
10-03-2023
03:32 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I don't regularly do C-Corps, but I tried to nose around and find some info on this for you. Can you provide more info on what screens you've tried to input this on so I or others can better weigh in? I assume you've tried the various inputs on Screens 18 & 30?
*If this (or another answer/reply) solves your problem, please click "Accept as Solution" to get this post out of the "Unanswered" queue of posts.*
Charper1841
Level 2
10-03-2023
03:39 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Thanks for the reply! I've entered the K-1 in screen 16...but you can see that there are no places to enter Box 6a and 6b or Box 21. I then thought maybe you enter the dividends in screen 13 and the foreign taxes in screen 30...but I don't have sufficient information to fill out where the foreign tax income came from on the K-1. Neither of those screens will affect retained earnings and the foreign tax credit doesn't affect the net income...which is leaving both of them out of balance.
