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Deductions & credits
@MarilynG1 wrote:If you are reporting Foreign Income and Foreign Tax from a 1099-DIV, use 'RIC' as one country for the total amount of Foreign Dividend/Tax when entering the 1099-DIV (screenshot).
This transfers to Form 1116 for you.
Are you indicating that after it transfers to 1116, one needs to revise 1116 (after transfer) from RIC to appropriate value required? (In case you are referring to entering RIC -wrong entry just to get it transferred to 1116).
- If that works for multiple 1116s then maybe its a good workaround to use.
- If that's (changing RIC later on 1116) not what you were implying , system should just allow handling multiple 1116 across multiple countries across multiple 1099-Div / brokers. (Just a M:M relationship not that complex)
‎April 11, 2022
8:27 AM