Max W Posted September 14, 2012 Report Share Posted September 14, 2012 Is there another way to enter S-corp Dividends on the K-1 other than overriding the Input screen? The screen does say that you can override. Just wondering if anyone has another method. Quote Link to comment Share on other sites More sharing options...
OldJack Posted September 14, 2012 Report Share Posted September 14, 2012 S-corp "dividends" are only if the S-corp had retained earnings from being a C-corp and those would be reported on a 1099-Div, not on the k1. S-corp distributions are reported on the 1120S-K1 on line 16d as property distributions. Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted September 15, 2012 Report Share Posted September 15, 2012 I agree with Jack. It's a matter of terminology, but it's because of the differences in C corps and S corps. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.