Qualified Dividends: Definition and Tax Advantages
This interest is reported to you on Schedule K-1 (Form 1065), Partner’s Share of Income, Deductions, Credits, etc., and Schedule K-1 (Form 1120S), Shareholder’s Share of Income, Deductions, Credits, etc. Report on your tax return the total interest income you receive for the tax year. See the Instructions for Recipient of Form 1099-INT to see…