1099-DIV Foreign Tax Credit

[ldhollan]

Couldn't find the tools, delete form menu.

However, in top right is an icon named forms.  Click that an it brings up a list of all forms.  Scroll thru and find the form of interest.  Use the delete form button at the bottom.  Then in top right click on step-by-step to continue using TurboTax

[rajeevgupta-leo]

I have a 1099-div form with Box 7 Foreign tax paid amount printed as 0.04

then, I imported the 1099-div from APEX Clearing Corp broker and after import was completed in Turbo Tax premier online, it shows Box 7 filled in with $-0.04 (please note the negative sign before the dollar value) automatically, now my question is should this be "-" negative dollar value or should I make this $0.04 instead of $-0.04 in Box 7 of Turbo Tax premier online?

Please advise.

Thanks.

[AmyC]

The IRS requires numbers be rounded to the nearest whole dollar so zero is the correct entry. Were it not zero, it would be a positive number.

@rajeevgupta-leo

[rajeevgupta-leo]

Thanks @AmyC 

My question was/ is when I imported the 1099-div TT automatically showed Box 7 as - 0.04 (negative) is this negative mark/ symbol correct representation of dollar value in Box 7 meaning the number should be a negative number or not?

As my paper 1099-div shows as 0.04 that is why wondering why turbo tax upon 1099-div import showed -0.04?

please advise.

[SForrestLO]

Please try importing the information again. See these help articles on how to import. 

Where do I enter my 1099-DIV in the TurboTax CD/Download software?

Where do I enter my 1099-DIV in TurboTax Online?