Skip to main content
Level 1
August 31, 2023
Question

U.S. Dividends on K1

  • August 31, 2023
  • 1 reply
  • 7 views

I have a client with interest and dividend income on a K1, which includes a portion of tax exempt interest and dividends. In the K-1 screen, there is a box for U.S. bonds, T-bills, etc. (nontaxable to state) - I've entered the exempt interest in that box, but I am unsure where the exempt dividends should be put? 

This topic has been closed for replies.

1 reply

IRonMaN
Level 15
August 31, 2023

You can always skip entering it on the K-1 forms and just enter the exempt interest the same place that you would put it if it was reported on a broker 1099.

Slava Ukraini!