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Deductions & credits
Hi @Mike9241 , Thank you so much! Requesting one confirmation on which of the following 3 options are correct: Thanks again.
Box 1a= Total ordinary dividends = 16000 (example)
Box 2a=Total Capital Gain distributions = 22 (example)
VXUX Total Dividends & distributions =8000 (example)
Total Dividends & distributions = Box 1a + Box 2a = 16022
So, should it be:
1) Foreign income = [(box 1a)+(box 2a)] *90.34/100 = (16022*90.34/100) = 14474.27?
or should it be:
2) Foreign income = [(box 1a)] *90.34/100 = (16000*90.34/100) = 14454?
or should it be:
3) Foreign income = [Total dividends and distributions from VXUS only =8000] * 90.34/100= 7227.2?
Thanks again.
March 4, 2022
8:26 AM