This problem persists: namely, on the screen entitled “Any foreign source qualified dividends or long term capital gains?", TurboTax Deluxe (desktop, macOS) will not accept a value for “foreign qualified dividends and l.t. capital gains” (FQD) that does not equal “total foreign income for this category” (TFI). However, based on the supplemental tax reporting information provided by the mutual fund company, the two values are indeed different: FQD = Form 1099-DIV Box 1a x 80%, and TFI = Box 1a x 95%.
Repeating the data entry process does not yield a different outcome:
- Delete the Form 1099-DIV.
- Restart TurboTax.
- Enter the Form 1099-DIV.
- Complete the Foreign Tax Credit interview (Federal Taxes | Deductions and Credits | Estimates and Other Taxes Paid | Foreign Taxes).
Why does TurboTax require that FQD = TFI? Is there a means to circumvent this restriction? (Thank you for your assistance.)
P.S.: @DaveF1006, I noticed on other threads related to the Foreign Tax Credit you have been able to provide assistance. Can you please do so here?
