Qualified dividends on Schedule K-1 is not equal to the amount on Form 1041

You may find that the qualified dividend amount on Schedule K-1, box 2b isn't equal to Form 1041, line 2b(1).

The amount on Schedule K-1, box 2b (Qualified dividends) is the portion of box 2a (Ordinary dividends) that's qualified. Since box 2a is net of allocated expenses, box 2b is also net of allocated expenses. As the amount on Form 1041, line 2b(1) is before allocated expenses, these amounts aren't often equal.