Deductions & credits

I am having a similar issue but not specifically with e Trade. My data was from Morgan Stanley. I imported all my 1099 data directly into TT.
I have 5 items identified in the "Smart Check" warnings. They are all related and/or may all be connected to single problem or there are multiple foreign investments, each having their own worksheet.
I did see in another post that someone else had a pretty similar problem to me, with data from Vanguard import.
His info helped me fix these 4 errors. The 5th error was form 1116 with some data in it which needed to be deleted. I may have caused that by clicking on the Form 1116 specific box, causing the form to be included with some of the data.
In the 1099 worksheet specifically there was a box which needed the $ amount of the foreign dividends, of the total dividends reported. In mine it was empty. The Smart Check was reporting on likely 3 worksheets, for three foreign investments with the same problem. Also, there was one checkbox that needed to be checked if you preferred to have this computation and outcome put into Schedule A or Form 1116.

It appears the number I needed was in the Morgan Stanley 1099, way in the back, like on page 12 of 14 which had a very brief listing of foreign investment dividends. Like maybe 5 numbers and column details, one line.

I found the total amount of dividend received from the foreign investment. Not sure this was correct but it made sense as I researched. We are talking about some very pretty small $. I also had to make a choice if I wanted to use Schedule A or form 1116, which was also not checked and never came up as a choice in interviews, etc.

If TT is supposed to make the best choice for the user, that didn't work versus asking in the interview. TT didn’t know where to find the #, then if it was trying to make a computation and then make a decision, that didn’t happen. So, it looks like it just skipped it.

The fix to the worksheet was to create the description and input the $. I had to do this three times. As well as making a choice to have this done on Schedule A or Form 1116.

TT was happy with the re-check. No change in $ owed or refunded on Fed and state. All 5 issues were completed.

But what do I know about foreign investments and dividends, etc. I rely on TT to do that. And I recall a similar, maybe even the exact problem occurred last year.

Can someone kick this up to TT and fix this? Finally…???? Or identify if Morgan Stanley (which I doubt) is reporting inaccurately? If that was the case, then add e Trade and Vanguard to the list as well ??

Here is the detailed info:

1. Schedule B – Form 1099 DIV Worksheet.  “Foreign Tax Sch A box or Form 1116 copy should be entered.  Return to the place where this was entered to correct the entry”.  Box 7, Items a and d are highlighted and there is a empty checkbox for Foreign tax Sch A box.
2. Sched B, form 1099 – DIV Worksheet:  “Foreign source amount must be entered”.  Item a and d are highlighted and there is an empty box to input Foreign source amount.
3. Schedule B – Form 1099 DIV.  “Foreign schedule A box or Form 1116 copy should be entered.  Return to the place where this was entered to correct the entry”.  Box 7, Item a and d are highlighted and there is an empty checkbox for Foreign tax Sch A box
4. Schedule B – Form 1099-DIV. “Foreign source amount must be entered”.  Box 7, Items a and d are highlighted and there is an empty box for input, labeled Foreign source amount.
5. Form 1116 (COPY 1) – “Foreign Tax Credit Comp. Wks: Paid/Accrued must be entered”:  Radio buttons are: No Entry, Method: Paid, Method: Accrued.  Part II – Foreign Taxes Paid/Accrued, Line 8 shows highlighted check boxes labeled “Paid and another labeled Accrued and may ask for more data as there are several boxes which are empty.