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FedRev says "Check Entry:Form 1116-FrnTax Cred Comp Wks: QualDiv & LTCpGn should be > $##### based on 1099DIV wkshts linked to cntry." Then "QualDiv & LTCG" [ ] What2do?
During Federal Review, TurboTax says "Check This Entry" "Form 1116 (COPY 1) -- Foreign Tax Credit Comp Wks: Qual Div and LT Cap Gains should have a value of at least $#####. based on the 1099-DIV worksheets that are linked to this country." It then says "Qual Div and LT Cap Gains" followed by empty box. How do I calculate this field? I have no idea. Looks like TurboTax was unable to calculate this field it needs on the Foreign Tax Credit Computation Worksheet, row h, which is titled "Qual. Dividends and LT Capital Gains". I'm not sure why. Any suggestions on how I get TurboTax to calculate this field, or how I do it myself? Thanks!
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May 24, 2020
7:36 PM