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Entering 1099-DIV information for a 1065 Partnership

klimli
Level 3

My client's business just got their 1099-B from their broker with a combination of Schedule D and 1099-DIV statements.

For 1065, Schedule D is readily available so that was easy entry.

For 1099-DIV, and this has entries on it for:

1a

1b

2a

7

12

13

I do not see anywhere to enter some of this. 1065 pg 4-5 does have flat 1a and 1b easy entry, and box 7 is found way further in foreign taxes paid/accrued.

But I have no luck on:

Box 2a: Total Capital Gain Distributions

Box12: Exempt-Interest Dividends

Box 13: Specified Private Activity Bond Interest Dividends

 

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2 Comments 2
Accountant-Man
Level 13

Look for 1065 schedule k. All dividend items are passthroughs.

** I'm still a champion... of the world! Even without The Lounge.
klimli
Level 3

To be clear in case I was not:

Form 1065 p4-5 is Schedule K

So on this form in ProSeries (please, I'm not using ProConnect Tax)...

Line 6 a-c is:

a. Ordinary Dividends from 1099-DIV 1a

b. Qualified Dividends from 1099-DIV 1b

c. Dividend Equivalents for foreign nationals

That is it until way down in Other Information Line 21 for foreign tax paid or accrued from 1099-DIV 7

Still looking how to capture the other lines from a 1099-DIV they received somewhere....

Update: 1099-DIV 2a looks like it can be put into Schedule D with code F (no basis reported, not on 1099-B) but it (might) be in Section II (LT gains where box F is checked) but neither Schedule D nor 8949 is letting me put in data there. Again, not sure if this is where it's supposed to be.

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