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Deductions & credits
if the 1099-DIV with Box 7 is from a brokerage with both domestic and foreign dividends, according to this method, do i leave in Box 7 total of US company dividends plus the largest foreign country dividend? Or, do i make the foreign company a 'Dummy A' and follow the instructions? I did the former, and upon the error report my qualified dividends are then, of course, larger than what was left in box 7. How to resolve this? Remove some of the qualified divs to correlate with the foreign earnings? or, move the country A to is own 'dummy' form?
‎April 21, 2020
3:24 PM