My Vanguard consolidated 1099-DIV shows an amount less than $600 (we file jointly) for foreign taxes paid. I want to take this as a credit. I used the "RIC" option for country and indicated that all my foreign tax was reported on the 1099-DIV.
TT then indicates that "Need to report income" associated with the foreign tax paid. The 1099-DIV does not tell me what that income is (or how to calculate it). So, I continued (clicking "No") without selecting a country to report dividend income. I then indicated to TT a) that all foreign taxes paid were reported with interest and income only, and b) I had no expenses against or adjustments to foreign income.
TT then listed my foreign tax credit as the amount of foreign tax shown on my 1099-DIV.
Question: Will this credit be correct for my return if I didn't list the foreign income associated with this tax paid?
