Your 1116 has decided it needs to hold information and sometimes importing a 1099-DIV will make the program confused into thinking it is all foreign. Follow these steps to fix your synchronization issue:
- Switch to Forms mode
- Delete all the worksheets that go with the foreign tax, so Form 1116Wks definitely must be deleted.
- Delete Form 1116
- Look at the 1099-DIV worksheet, anything red? Delete it
- Open the Federal Information Worksheet
- Scroll down to electronic filing Part VI and find Foreign Tax Credit
- Uncheck the box that says Check to form Form 1116
- Go back to step by step mode
- Go to wages and income, to your 1099-DIV
- You may need to import or manually add
- When asked about foreign dividends, select RIC (regulated investment company) or Various
- Foreign source income - enter the portion actually from foreign sources - found in your supplement. This can not be blank and is not the dividend amount.
- Go to deductions and credits
- Locate Estimates and Other Taxes Paid
- Select Foreign tax credit
- Do you want the deduction or credit? Select credit
- Was your foreign income under $600, select Yes
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