@hccheung Good News .
I just installed the latest update ( think that was published on Friday -- today is Saturday.
The scenario I used -- Filing status MFJ, W-2 income 85000, Foreign investment incomes : RIC#1 - div. income 9000, FTax paid - 1000, RIC#2 Div income - 5000, FTax Paid -- 500; Germany entity DIV -- 3000, FTax Paid -- 400; UK Entity Div -- 5000, FTax paid 350.
I followed the general route of :
under personal income tab --- I will choose what I work on --> enter W-2 details --> Under Investment group , select dividend entry point and then follow through entering the dividend incomes one by one in a round-robin fashion -- Add Investment, select "dividend " tablet, enter the details required, "my 1099-div has more boxes", enter foreign taxes paid. Do this till all the dividends are entered.
Once Turbo recognizes that you will have to fill out 1116 ( it seems), it starts to ask more questions such as country of income and whether it is "RIC" or "Other" .
When all the entries are done, you will get a screen summarizes everything and asks " Do you want to Review your Entries ?" --- DO NOT SELECECT YES. This is because if you do select yes, it clears most of the entries and you have to do everything again. Select NO.
Thereafter Turbo will take you to the deductions and credit and pretty much walk you through normally. It will ask about the Foreign Credit, select credit and simplified method. You will have to enter again some of the information about the amount of foreign dividend, the foreign taxes paid and the country etc. Just go through carefully answering and making sure that all entries are correct.
Once this is finished, you can run the checks and/or go to the forms mode and verify that the entries for 1099-DIV and the form 1116 Comp. wks are correct.
In my case everything is as expected.
Is there more I can do for you ?
