sweerkaul
Returning Member

Deductions & credits

@rogge1722 

 

I do not have any investment interest expense (4b1a) .

 

I have a 1099-DIV from a US brokerage company ( E-trade) which shows a dollar amount (e,g 500 $) as Foreign tax paid.

 

Apart from this 1099-DIV , I have interest income (e,g 500 $) from Saving Bank accounts in foreign country . For this the TT is asking me to calculate Adjusted basis of investment assets generating foreign income (4b1b) 

and Adjusted basis of total investment assets (4b1c) ? 

 

Can you help me how can I calculate that ?