UltraTax CS
New (tax) year, new help!
Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.
Question
Why is the sum of Form 1041, lines 2b(1) and 2b(2) not equal to the qualified dividend amount I entered?
Answer
Because dividends can be qualified only if they are true dividends paid out of a corporation's earnings and profits as defined in IRC section 316, UltraTax/1041 limits the amount on lines 2b(1) and 2b(2) to the total amount of taxable dividends other than U.S. obligations.
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