- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Foreign Tax Credit Computation Worksheet Line 1h
I have entered my 1099-DIV which included foreign income and foreign tax paid. All those amounts are accurate. During the review, Turbo says that the amount on line 1h (Qualified Dividends and LT Capital Gains) should be at least $3743. How did it calculate this amount? It does not correspond to the total of the qualified dividends and long-term capital gains from my foreign sources, that I got from my broker's site. Can I just accept its suggestion of this amount and move on? Could it create a problem during a future audit?
Topics:
March 11, 2023
7:10 AM