Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 

I have an INC business and am paid in dividends do i fill out the self employed forms for my personal?

 
1 Reply

I have an INC business and am paid in dividends do i fill out the self employed forms for my personal?

Hi, thank you for using Intuit TurboTax Community

When dividends are paid by a corporation, recipients will receive a T5 slip from the corporation. The dividends are then reported as dividend income. Self employment forms in a T1 are not used to report corporate income.

If you have any questions with regard to specific payments, check with the corporate accountant to be sure of the type of payment.

Hope this helps