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Old 03-28-2018, 09:47 AM
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K-1 amount to report to IRS

This is the first time I received the Schedule K-1 for a stock I bought last year. So last year, the distribution I received from my stock was $10K in box 19A. There are other amounts in other boxes that I'm not sure if I need to report them to the IRS or not.

1. My question is what amount should I report to the IRS? Is it just the amount of $10K?

2. Also do you know the difference between this distribution for K-1 vs Dividends?

Before when I bought stocks, they only report on form 1099 what are my qualified and ordinary dividends and they equal to the amount of dividends I received that year, very simple. This time it's K-1 and there are a lot of numbers on it.

Thanks

I live in California


Last edited by Andy2009 : 03-28-2018 at 09:57 AM.


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