MLM Passive Income

what are K1 dividends?

which companies are considered as (K1) paying dividends? companies that pay monthly dividends and minimum shares that has to be perchased in order to be in the game, more info will be helpful about these companies

Is it possible to received more qualified dividends than ordinary dividends? I have a k1 and its not letting me efile because my tax program says one cannot have more qualified dividends than ordinary dividends.. Is this accurate?

Notification of distribution from generation skipping trust? I received a 706-GS(D-1) along with a schedule K1. the dividends was about 2000, but the amount distributed was $38,000.00 because the irrevocable trust paid for a car and health insurance and misc. stuff. Is this considered income that I will be taxed on? I know I count the dividends thanks, for the answer. I did notice that the part II box d inclusion ratio is 0.000 and e is the 38,000. .

K1..Earned Income vs Interest Income when filing unemployment? I lost my full time day job, but I'm one of three partners in a small S-corp. I receive a monthly dividend check from the company and get a K1 at the end of year. I can't survive off the little dividends, so I had to file for unemployment for the time being. Is this Income something I need to claim to unemployment? I wasn't sure if it was considered earned or interest income, or if it even matters which it is when pertaining to unemployment. Any advice would be appreciated. Ty

C-corp 1065 k-1 income do you have double taxesion on dividends? if c corp gets k1 from limited partnership and they are only one limited partner (c corp) did they get dividends received deduction

do I have to report a K1 in a traditional IRA? Hello and help, I received a K1 schedule in the mail for my traditional IRA - do I have to report it for federal income tax? The partnership does not pay interest or dividends. It just sat in the account for all of 2011. In part I (info about this partnership) Box D is checked publically traded partnership. Part II box I (info about this partner) listed as an "IRA." Part III box 1 ordinary business income was a loss of -$7. Box 11 code "C" other income loss of -$52. Thanks for your help - Joe G

investment income on a irrevocable trust? I get a Schedule K1 form that show what the interest and dividends are on my trust. that I file with my return. However, I get a monthly support income that from the trustee and if needed for other things.( J P Morgan ) they do no list that amount on the schedule K1. Am I suppose to report that? I know the trust sends a form and the actual trust is taxed because this is a generation skipping.

Question about taxes and dividends? Say you're a 10% shareholder in a privately owned LLC based in Massachusetts. The company did $500,000 in profit this year and the CFO has informed you that your k1 will reflect roughly $50,000. You're not actually going to receive any dividend, though.... What does that mean? And am I going to pay taxes on the $50,000 of WHATEVER it is even though I don't get any money? Thanks. So what's the benefit here? I'm not an employee.. If this company continues to grow in profit I'm just going to keep paying tons of money -- where's my benefit other than the potential for it to sell? Granted, that could be a big benefit, it's still very risky just for being a shareholder who's paying tons of money each year...

Do you think I will have to pay a large amount back for taxes? My fathers estate was closed this year and it was equally distributed to myself and three siblings. I received a survivor benefit from a retirement plan, a distribribution from a mutual fund and some of the trusts were cashed in. From the trusts, taxes were taken out based on my usual gross income. I also was named as a beneficiary to one of his retirement portfolios. I received an end of year statement for this portfolio and it said that the amount of shares owned and market value information was being shared with the IRS as required. Also, I received a 1041-K1 form. It showed final year deductions and ordinary dividends. I have no idea what this means. Does all of this count towards my income? I don't know how much of this I am going to have to pay taxes on and am pretty worried that I might have to pay a hefty amount back. Should my husband file seperately rather than jointly this year?

Capital Gain with no equity sale? Some coworkers and I participate in an investment club (as a general partnership) but we haven't bothered to buy any accounting software. I thought this was fine because we have our own spreadsheet sheet that tracks ownership correctly and has plenty of versatility while we save a couple bucks each year. It assigns dividend income and gains properly, or so I thought. Example: There are 10 members for the entire 2008 tax year, except one member decides to leave at the beginning of December. The Investment Club buys stock during 2008 but does not sell any and we have positive unrealized gains. There is enough cash sitting around that when the one Partner leaves in December 2008 the club still does not need to sell any stock and we cash the Partner out. Now the Investment Club sells every stock they own sometime in 2009. The Partner that left in December now has more money than they invested but there are no gains to report on f1065 or their schedule k1. Are all the tax forms filled out showing no capital gains (but showing that the one Partner cashed out and "gained" money)? If so, does the partner that left in December 2008 that is no longer a member in 2009 receive tax forms from the Partnership for 2009 that will now show the capital gains? I guess these questions might be a good reason to invest in some software...