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Confused about foreign tax paid 1099-DIV and IRS Form 1116
I own some US-based ETFs that hold stocks in foreign companies, such as the Vanguard VEA ETF. The 1099-DIV statements from these ETF's indicate that I have paid $1,073 in foreign taxes. I have entered this amount in TurboTax, and I can see that it appears in Box 7 on the Form 1099-DIV-Worksheet.
Do I also need to enter this information on from 1116?
‎February 22, 2025
1:47 PM