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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
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<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
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<pubDate>Sat, 01 Jun 2019 08:39:00 GMT</pubDate>
<dc:creator>pzapletal</dc:creator>
<dc:date>2019-06-01T08:39:00Z</dc:date>
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<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
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<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>
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<title>
You should report the dividend income (regardless how sma...
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<link>
https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/you-should-report-the-dividend-income-regardless-how-sma/01/153478#M5695
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<description>
<P>You should report the dividend income (regardless how small) on your tax return. You are correct that foreign institutions do not issue forms 1099-DIV. 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. </P><OL>
<LI>Federal Taxes</LI>
<LI>Wages
& Income</LI>
<LI>Interest
and Dividends - select 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 (<B>Deductions & Credits>Estimates and Other Taxes
paid>Foreign taxes</B>) 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. You have
to file it through the Treasury website: <A href="http://bsaefiling.fincen.treas.gov/NoRegFBARFiler.html" rel="nofollow" target="_blank">http://bsaefiling.fincen.treas.gov/NoRegFBARFiler.html</A>
</LI>
</UL>
</description>
<description>...</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>
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