Max W Posted September 14, 2012 Report 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
OldJack Posted September 14, 2012 Report 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
kcjenkins Posted September 15, 2012 Report 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
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