lboydjdd
Level 2
04-06-2021
01:11 PM
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I have a 1040 client with a disregarded LLC that has dividend income to report. I was wanting the dividend income to show on my Form 568. Currently one of our data entry people put the 1099 information on Schedule B of the 1040 which does not flow to the 568. Should it be flowing to the 568 Form? I was going to try and keep it on the 1040 schedule B and not have it flow to the 540 state return and report on the 568 but I cannot seem to make that happen. Then I thought I would try to report it on the Schedule C so it could go to the Form 568, but I feel that is not right either. Can someone please assist on how this should be reported?
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