topic I just received a Puerto Rico Form 480.6C for Dividends and 1099-div in Get your taxes done using TurboTax

I just received a Puerto Rico Form 480.6C for Dividends and 1099-div

TW029 — Mon, 22 Mar 2021 21:59:52 GMT

I just received a Puerto Rico Form 480.6C for Dividends and 1099-div, I want to know do I have to file both or will the 1099-div be ok since it states the same information on it as the 480.6C. I have a regular account on TD

Re: I just received a Puerto Rico Form 480.6C for Dividends and 1099-div

MinhT1 — Mon, 22 Mar 2021 22:23:52 GMT

Form 480.6C is intended for non-residents of Puerto Rico. It covers investment income that has been subject to Puerto Rico source withholding. This form is for information only.

You should only enter form 1099-DIV in your tax return.

Re: I just received a Puerto Rico Form 480.6C for Dividends and 1099-div

TW029 — Mon, 22 Mar 2021 22:34:39 GMT

Thank you

Re: I just received a Puerto Rico Form 480.6C for Dividends and 1099-div

hmcasellas — Sun, 25 Apr 2021 16:31:43 GMT

How did you enter the amount withheld on line 6 of form 480.6C? I'm unsure where to put it. If in Box 4 - Federal income tax withheld or Box 7 - Foreign tax paid.

Re: I just received a Puerto Rico Form 480.6C for Dividends and 1099-div

DaveF1006 — Wed, 28 Apr 2021 03:40:06 GMT

Puerto Rico belongs to the United States and most of its residents are U.S. citizens, the income earned in Puerto Rico is considered "foreign- source income” As a result, taxes paid will be reported in Box 7 under Foreign Taxes paid.