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Deductions & credits
If you only have dividends, then on line 1c “Interest and dividends from schedule B”, you insert the foreign Ordinary dividends for each country in Column A, B, and C. Here “Ordinary” means all foreign qualified and unqualified dividends.
In line 1g “Ordinary Dividends” means all unqualified foreign dividends only.
In line 1h, “Qualified Dividends and LT Capital Gains” means all foreign qualified dividends and LT capital gains in the 1099-DIV box 2a if there are any which is usually not the case.
Line 1a and 1b would be used for rents, royalties, annuities, etc.
March 31, 2024
4:12 PM