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
Look for 1065 schedule k. All dividend items are passthroughs.
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.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.