You do need to correct the form 1116 with the box 1a dividends times the correct percentage. Follow these steps:
- Open your return to federal income section
- Locate the 1099-DIV that needs to be corrected.
- Edit the form
- Continue through the entries reviewing your answers until you see the more uncommon questions, like wash sale or sec 199a dividends
- Tell us a little more about your foreign dividends or similar foreign phrasing (depending on the program), this should allow you to enter the correct amount of income.
- Switch over to deductions and credits
- Scroll down to Estimates and Other Taxes Paid
- Locate Foreign tax paid
- Review it, making sure the entries are correct.
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