KREC
Level 3

Deductions & credits

I’m still trying to understand how to conduct the step-by-step on a foreign tax credit. I have two broker statements with RIC (one has one RIC entry, the other has two). Then my third broker statement has several foreign countries listed.

 

1. Do I select RIC once on the drop down even though there are three separate RIC entries across two different 1099s?

 

2. when I go to start entering the foreign income for each category it asks me to select which 1099. All 3 1099s came over as imports and all have identical titles. How do I deteternibe which one is which?