How to I enter Fidelity form 1099-Div for S-corp in Form 1120S?

[hgtc]

S-corp client received 1099-Div from Fidelity.  How do I report these dividends in S-corp's tax return so it will be shown in shareholder's K-1?

Thanks.

[abctax55]

Screen 20

And bonus info....Lacerte has this snifty feature:
Go to where you expect the info/amount to appear. Right click on that field, then click on "jump to input". That will *usually* take you to where you to input the info (or give you the various options when there are multiple places).

[hgtc]

Thanks, see this Sch K-1 input section.  But, if I also record this dividend incomes in Screen 13 (ordinary incomes), it will also be included in K-1's box 1.

So, do I need to adjust ordinary incomes in Screen 20, too?

[abctax55 · Accepted solution]

WHY would you want to enter it twice?

The return would be out of balance if you did.

Portfolio income isn't 'ordinary' income & is reported/passed out to the shareholder(s) separately.