topic I have a minor dividend income (~$200) in Germany, which have been already taxed there. They don't provide 1099-DIV. Do I need to take any actions because of this ? in Investors & landlords https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-have-a-minor-dividend-income-200-in-germany-which-have-been-already-taxed-there-they-don-t-provide/01/153474#M5693 Sat, 01 Jun 2019 08:39:00 GMT pzapletal 2019-06-01T08:39:00Z I have a minor dividend income (~$200) in Germany, which have been already taxed there. They don't provide 1099-DIV. Do I need to take any actions because of this ? https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-have-a-minor-dividend-income-200-in-germany-which-have-been-already-taxed-there-they-don-t-provide/01/153474#M5693 Sat, 01 Jun 2019 08:39:00 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-have-a-minor-dividend-income-200-in-germany-which-have-been-already-taxed-there-they-don-t-provide/01/153474#M5693 pzapletal 2019-06-01T08:39:00Z You should report the dividend income (regardless how sma... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/you-should-report-the-dividend-income-regardless-how-sma/01/153478#M5695 <P>You should report the dividend income (regardless how small) on your tax return. &nbsp;You are correct that foreign institutions do not issue forms 1099-DIV. &nbsp;In TurboTax, however, you should report the amount <B>AS IF</B> you have received the form. If you paid foreign tax on the dividend, please be sure to enter the amount in the Foreign Tax field of the form.&nbsp;</P><OL> <LI>Federal Taxes</LI> <LI>Wages &amp; Income</LI> <LI>Interest and Dividends - select&nbsp;Dividends on 1099-DIV</LI> </OL><P> <B>Some notes in case you need them...</B> </P><P> </P><UL> <LI>Single filers who paid $300 or less in foreign taxes, and married joint filers who paid $600 or less, can omit filing the foreign tax credit form&nbsp;(<B>Deductions &amp; Credits&gt;Estimates and Other Taxes paid&gt;Foreign taxes</B>) &nbsp;However, using the form enables you to apply any credit balance to future tax years. Without filing Form 1116, you give up this carryover tax break.</LI> <LI>IF the credit is more than above amount, please visit Foreign Taxes section (steps above) to claim foreign tax credit</LI> <LI>You may have to file form <A href="https://www.irs.gov/uac/newsroom/taxpayers-with-foreign-assets-may-have-fbar-and-fatca-filing-requirements-in-june" rel="nofollow" target="_blank">Fincen 114</A>, if your foreign account(s) exceed $10000 at any time during 2016. &nbsp;You have to file it through the Treasury website:&nbsp;<A href="http://bsaefiling.fincen.treas.gov/NoRegFBARFiler.html" rel="nofollow" target="_blank">http://bsaefiling.fincen.treas.gov/NoRegFBARFiler.html</A> </LI> </UL> Sat, 01 Jun 2019 08:39:02 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/you-should-report-the-dividend-income-regardless-how-sma/01/153478#M5695 MargaretL 2019-06-01T08:39:02Z
This XML file does not appear to have any style information associated with it. The document tree is shown below.
<rss xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:taxo="http://purl.org/rss/1.0/modules/taxonomy/" version="2.0">
<channel>
<title>
topic I have a minor dividend income (~$200) in Germany, which have been already taxed there. They don't provide 1099-DIV. Do I need to take any actions because of this ? in Investors & landlords
</title>
<link>
https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-have-a-minor-dividend-income-200-in-germany-which-have-been-already-taxed-there-they-don-t-provide/01/153474#M5693
</link>
<description/>
<pubDate>Sat, 01 Jun 2019 08:39:00 GMT</pubDate>
<dc:creator>pzapletal</dc:creator>
<dc:date>2019-06-01T08:39:00Z</dc:date>
<item>
<title>
I have a minor dividend income (~$200) in Germany, which have been already taxed there. They don't provide 1099-DIV. Do I need to take any actions because of this ?
</title>
<link>
https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-have-a-minor-dividend-income-200-in-germany-which-have-been-already-taxed-there-they-don-t-provide/01/153474#M5693
</link>
<description/>
<pubDate>Sat, 01 Jun 2019 08:39:00 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-have-a-minor-dividend-income-200-in-germany-which-have-been-already-taxed-there-they-don-t-provide/01/153474#M5693
</guid>
<dc:creator>pzapletal</dc:creator>
<dc:date>2019-06-01T08:39:00Z</dc:date>
</item>
<item>
<title>
You should report the dividend income (regardless how sma...
</title>
<link>
https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/you-should-report-the-dividend-income-regardless-how-sma/01/153478#M5695
</link>
<description>
<P>You should report the dividend income (regardless how small) on your tax return. &nbsp;You are correct that foreign institutions do not issue forms 1099-DIV. &nbsp;In TurboTax, however, you should report the amount <B>AS IF</B> you have received the form. If you paid foreign tax on the dividend, please be sure to enter the amount in the Foreign Tax field of the form.&nbsp;</P><OL> <LI>Federal Taxes</LI> <LI>Wages &amp; Income</LI> <LI>Interest and Dividends - select&nbsp;Dividends on 1099-DIV</LI> </OL><P> <B>Some notes in case you need them...</B> </P><P> </P><UL> <LI>Single filers who paid $300 or less in foreign taxes, and married joint filers who paid $600 or less, can omit filing the foreign tax credit form&nbsp;(<B>Deductions &amp; Credits&gt;Estimates and Other Taxes paid&gt;Foreign taxes</B>) &nbsp;However, using the form enables you to apply any credit balance to future tax years. Without filing Form 1116, you give up this carryover tax break.</LI> <LI>IF the credit is more than above amount, please visit Foreign Taxes section (steps above) to claim foreign tax credit</LI> <LI>You may have to file form <A href="https://www.irs.gov/uac/newsroom/taxpayers-with-foreign-assets-may-have-fbar-and-fatca-filing-requirements-in-june" rel="nofollow" target="_blank">Fincen 114</A>, if your foreign account(s) exceed $10000 at any time during 2016. &nbsp;You have to file it through the Treasury website:&nbsp;<A href="http://bsaefiling.fincen.treas.gov/NoRegFBARFiler.html" rel="nofollow" target="_blank">http://bsaefiling.fincen.treas.gov/NoRegFBARFiler.html</A> </LI> </UL>
</description>
<pubDate>Sat, 01 Jun 2019 08:39:02 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/you-should-report-the-dividend-income-regardless-how-sma/01/153478#M5695
</guid>
<dc:creator>MargaretL</dc:creator>
<dc:date>2019-06-01T08:39:02Z</dc:date>
</item>
</channel>
</rss>