1120 Corp received 1099 Div and 1099 B

[Jane918]

A corp client (1120) received a 1099 div.  I'm not seeing where to enter that on the 1120, or does that go to their personal 1040, even though it's made out to the corporation?

I see where I can enter the 1099-B on Schedule D of their 1120, although I'm getting an error on "Date Sold"...it's not liking the year 2019.  "Date sold is not in the current tax year" is the error message.

[IRonMaN]

Try the top of page 2 for the dividends.

[Jane918]

Ok, I'm seeing that...thank you!  This 1099-div has entries on Lines 1a, 1b, 2a, and 7.  I'm not seeing exactly where to enter these amounts on Page 2.  I'm wondering if I should put this on their personal return?

[IRonMaN · Accepted solution]

No, you don't put in on their personal return.  Corporations are taxed at a flat rate so all of those breakdowns on the 1099 don't really mean much of anything.

[Jane918]

Ok, I'm seeing that on Schedule C, Line 23 for total dividends.  Looks like I should enter Total Ordinary Dividends in "Other Dividends", and then it carries to the top of Page 1.