Thank You. I
I need to make sure I understand.
Assume the 1099 with three countries is from Fidelity.
1. I make a new 1099 -DIV with the information for country RIC and name this 1099-DIV "RIC".
2. I make a new 1099-DIV with information for country Canada and name this 1099-DIV "Canada"
3. I make a new 1099-DIV with information for country U.K. and name this 1099-DIV "U.K."
4. I edit the original imported 1099 DIV titled 'National Financial Services' to not include any of the foreign income and taxes.
So in the Tubotax Income section where I input 1099s I now have three more 1099s but the total data is the same.
I can see how I would now be able to enter all my information for foreign tax credit . I now have 3 dummy payers and the original payer on 1099-DIVs. One 1099-DIV per county. However, It feels wrong to change the actual imported data from Fidelity on 1099-DIV. Is there ever a check on taxes to see if we report the correct data from each Payer? My data input for Fidelity would not match the actual Fidelity data. My overall taxes would be correct just the payer wrong . I do not want an audit over this.
Thank You for your help.
Final comment on this - Why or Why can't Turbotax fix this??? We should not have to be doing these work arounds every year for a known problem. Frustrating.
