Reporting Nonqualified Dividend on 1065 Return
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Reporting Nonqualified Dividend on 1065 Return Our investment club owns a REIT (WRI), so our dividend is "nonqualified". I have completed our 1065 and K-1's using bivio, and it looks like that dividend is showing up as a "short term" on the forms, when our brokerage statement shows it as a "long term" gain. Is this a problem? Thanks for your help. Sharon |
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