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Level 5
Feb 6, 2026 6:28 PM UTC
Question

Foreign source DIV income reported incorrectly, help!

I think I have overstated my foreign source income from mutual funds in both 2023 ($5,593 instead of the correct $5081.08) and in 2024 ($5,820 instead of the correct $5,190.77).  Amount of foreign tax paid reported was correct in both years, however. Is it urgent that I do amended returns for both of these years? 

Thank you,

 

 

    1 reply

    Mike9241
    Level 15
    Level 15
    Feb 6, 2026 7:31 PM UTC

    What is your question? If you over-reported foreign source dividend income related to the foreign tax credit, you should amend. 

    Mike9241