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Help needed in claiming foreign tax credit and using form 1116
Hi
I need help in filling out Foreign tax credit form 1116 . I am using CD version
Here is the information as provided by my brokerage to IRS
Box 1a – Total ordinary dividends (1b/2e/5 included) $1844.45
Box 1b qualified dividends -$ 1783.89
Box 5: Section199A dividends $1.25
Box 2a: Total capital gain distribution $196.90
Box 7 – Foreign Taxes paid $234.11
Box 8—Foreign country or US possession various
On close verification of foreign taxes paid in 1099. Year end summary is not provided to IRS
Here are the details
ticker | Dividend amount paid in 2022 | Dividend amount paid /adjusted 2023 for 2022 | country | Long term Capital gain | Taxes paid in 2002 | Taxes paid/adjusted in 2023 for 2022 |
|
|
1 | 113.45 |
| Germany | - | 29.95 | - |
|
|
2 | 548.83 |
| Germany | - | 144.75 | - |
|
|
3 |
| 6.68 | Germany | - | 1.76 | - |
|
|
4 | 20.74 |
| Germany | - | 5.47 | - |
|
|
5 | 15.18 |
| Unknown | - | 4.55 | - |
|
|
6 |
| 22.35 | RIC | 20.31 |
| 22.35 |
|
|
7 |
| 25.28 | RIC | 84.53 |
| 25.28 |
|
|
| 698.30 | 54.31 |
| 104.81 | 186.48 | 47.63 |
|
|