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Deductions & credits
Sorry if this sounds like stupid questions but I was hoping that Turbotax would give better instructions for entering information for form 1116. I continued on in the interview and realized that they do prompt you for an amount for foreign qualified dividends in the Simplified AMT Method section. My 1099-Div shows 100% qualified dividends (same number in 1a and 1b). The fiduciary for the investment firm does not provide country information on the 1099-DIV. Some years they break out one country and lump the rest into other. Would I be correct using RIC and entering the summary numbers? I see I can also select various. I'm embarrassed to say I do not know if my investments are with RICs or not. I sent an email to my account manager to ask.