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Level 2
April 14, 2026
Question

My foreign qualified dividend is $21,161. Can I report enough of my foreign qualified dividends as ordinary dividends to be less than $20,000?

  • April 14, 2026
  • 1 reply
  • 77 views
In taking a foreign tax credit, I can pay less taxes if my foreign qualified dividends is less than $20,000. I just need to report $1,162 as ordinary instead of qualified.

1 reply

Level 15
April 15, 2026

No, you are not allowed to mis-report the type of dividends you received. You need to accurately report all items of income on your tax return.

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