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Returning Member
posted Jan 20, 2021 12:45:22 PM

Declare dividends

I want to pay shareholders a dividend that is goes on their income for 2020. So I have added the dividend amount at line 2962 as dividends declared and also at line 3701 as dividends paid. It is also on line 450 on schedule 3. Is this correct? Or should it not go on line 2962 if the dividends are paid and just be taken off line 1000 for cash and deposits?

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1 Replies
Intuit Alumni
Feb 16, 2021 8:15:45 AM