My question pertains to proper value to input in Box 1h of the form 1116 worksheet generated by TT.
My brokerage shows $64,000 of foreign qualified dividend (Passive)for 2023. Is the value inserted here the full $64,000 or is it adjusted by a ratio of .4054?
The way I understand, the form 1116 line 1A is calculated by multiplying the qual div by a given ratio of .4054 . Would this value be the correct value for the worksheet? Just looking for clarification. Ty Rich
