https://ttlc.intuit.com/community/taxes/discussion/my-son-got-a-1099-div-and-it-shows-6-21-in-foreing-tag-paid-can-i-ignore-this-small-amount-and-not/01/112037#M47328 Sat, 01 Jun 2019 05:07:18 GMT davids5687 2019-06-01T05:07:18Z https://ttlc.intuit.com/community/taxes/discussion/my-son-got-a-1099-div-and-it-shows-6-21-in-foreing-tag-paid-can-i-ignore-this-small-amount-and-not/01/112037#M47328 Sat, 01 Jun 2019 05:07:18 GMT https://ttlc.intuit.com/community/taxes/discussion/my-son-got-a-1099-div-and-it-shows-6-21-in-foreing-tag-paid-can-i-ignore-this-small-amount-and-not/01/112037#M47328 davids5687 2019-06-01T05:07:18Z https://ttlc.intuit.com/community/taxes/discussion/no-you-should-report-it-because-he-ll-most-likely-get-a/01/112046#M47330 <DIV> <P>No, you&nbsp;should report it because he'll most likely get a credit for it.&nbsp;</P> </DIV><DIV> <P>To do that in Turbo Tax,&nbsp;</P> <OL> <LI><P>Go to <B>Income.&nbsp;</B></P></LI> <LI><P>Go to <B>Interest and Dividend Income</B>.&nbsp;</P></LI> <LI><P>Click <B>Start</B> or <B>Update</B> next to <B>Dividends&nbsp;on 1099-DIV.&nbsp;</B></P></LI> <LI><P>Click on the box <B>My form has info in more than just these boxes (this is uncommon).&nbsp;</B></P></LI> <LI><P>In box 6,<B> Foreign Tax Paid</B>, put the amount.&nbsp;</P></LI> </OL> </DIV><DIV> <P>Depending upon the rest of his income, you may see an entry on line 48, Form 1040, Foreign Tax Credit.&nbsp; The amount, in your case, is too small to file Form 1116; it will just get reported directly on the return.&nbsp;</P> </DIV> Sat, 01 Jun 2019 05:07:20 GMT https://ttlc.intuit.com/community/taxes/discussion/no-you-should-report-it-because-he-ll-most-likely-get-a/01/112046#M47330 CherylW 2019-06-01T05:07:20Z