Form 1116: Vanguard VTIAX: What to enter for Total foreign income and Foreign Qualitified Dividends and LT capital gains

jackkgan — Tue, 13 Oct 2020 19:19:41 GMT

Dear experts,

I am filling form 1116 from Vanguard 1099-Div for Foreign tax credit. The following values are shown in "2019 Foreign Tax Paid" from Vanguard.

Description : VNGRD TTL INTL STK ADML (VTIAX)

Foreign tax: 469

Foreign Income: 6775

QDI Eligible Foreign Income: 4445

Questions:

1) So, now is it ok to choose the following in TT?

Country: RIC

Total Foreign income for this category: 6775

Foreign qualified dividends and l.t. capital gains: 4445

2) Can I leave the rest blank such as AMT-RIC, etc.? Will TT automatically pick up other numbers entered to compute any other adjustments required automatically?

3) Should I take into account any other numbers from my Vanguard 1099-Div form such as :

Box 1a: Total ordinary dividends?

Box 1b: Qualified Dividends?

Box 2a: Total capital gain distr?

Thanks a lot!

Regards.

Re: Form 1116: Vanguard VTIAX: What to enter for Total foreign income and Foreign Qualitified Dividends and LT capital gains

Bsch4477 — Wed, 14 Oct 2020 19:38:35 GMT

Yes, to all of your questions.

Re: Form 1116: Vanguard VTIAX: What to enter for Total foreign income and Foreign Qualitified Dividends and LT capital gains

jackkgan — Wed, 14 Oct 2020 22:27:33 GMT

Thank you so much Bsch4477

topic Form 1116: Vanguard VTIAX: What to enter for Total foreign income and Foreign Qualitified Dividends and LT capital gains in Get your taxes done using TurboTax

Form 1116: Vanguard VTIAX: What to enter for Total foreign income and Foreign Qualitified Dividends and LT capital gains

Re: Form 1116: Vanguard VTIAX: What to enter for Total foreign income and Foreign Qualitified Dividends and LT capital gains

Re: Form 1116: Vanguard VTIAX: What to enter for Total foreign income and Foreign Qualitified Dividends and LT capital gains