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Deductions & credits
That still begs the question as to which percentage I should use—the total or the qualified? I tried calculating each against the qualified dividends, unqualified, and total—and didn’t match the total foreign tax paid that Vanguard reported. I ended up just applying the total percentage against total dividends paid, and recorded that as the total foreign income. It didn’t affect my refund, so that’s how I filed my return. Whether I accidentally got it right is immaterial to this question. I’m irritated that TurboTax doesn’t provide a more complete and clear explanation, especially given the exorbitant amount they now charge for their Premier software!
February 7, 2023
8:14 AM
848 Views