I have one source of foreign income being dividends paid on an International Mutual Fund I own in a brokerage account. The 1099-DIV provided by the brokerage shows the following:
Line 7 - Foreign Taxes Paid - $2,499.51
Additional details provided in the 1099 are:
Foreign Tax - $2,499.51
Foreign Income - $29,246.67
QDI elligible foreign income $21,082.60
I have selected Foreign Tax Credit option. What amount should be entered in Turbo Tax Premier for the entry requesting "Foreign Source Income"?
