Yes and here is how to report:
- Go to federal>wages and income
- Interest and Dividends>1099 DIV
- Report the Ordinary and Qualified Dividends that it is listed on the 1099 DIV form in Box 1A and 1B.
- Be sure to check the Box that indicates My Form has more Information that is listed in the Boxes so you can report the Foreign Tax Paid
- Now go to federal>deductions and Credits>
- Estimates and other Taxes Paid>Foreign Tax Credit
- As you scroll through the entries, and report the income, you will reach a screen asking you how much of $XXXX.XX is foreign sourced income, here you will multiply 90.93% by the amount listed on the screen. Note this Box 1A ordinary income listed here. Box 1B amount is not entered in this section.
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