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Foreign Income qualified dividends error doesn't make sense

While calculating and inputting foreign dividends from 1099s and K-1s I'm running into an error where TT is stating a field needs to be at least a certain value, while the input value is in fact higher. Not really sure how to get past this, any advice? 

 

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Accepted Solutions

Foreign Income qualified dividends error doesn't make sense

From the 1099-DIV Worksheet.

The minimum foreign qualified dividends = 1b +7d -1a.

  

The following procedure provides more details.

Open a new spreadsheet.

Column A is used  for both qualified and unqualified dividends, aka. “Ordinary dividends”.

Column B is used for qualified dividends only.

 

In cell A1, insert the worldwide ordinary dividends. This is the amount in the 1099-div, box 1a.

In cell A2, insert the foreign ordinary dividends. This amount is derived from the broker’s supplemental info.

In cell A3, subtract A2 from A1.  The result is the U.S sourced ordinary dividends.

 

In cell B1, insert the worldwide qualified dividends. This is the amount in the 1099-div box 1b.

In cell B2, insert the foreign qualified dividends. This amount is derived from the broker’s supplemental info.

In cell B3, subtract B2 from B1. The result is the U.S. sourced qualified dividends.

 

Each cell in column A must be equal to or greater than the corresponding cell in column B. If that is not the case then there is an error. Recheck all entries.

View solution in original post

2 Replies

Foreign Income qualified dividends error doesn't make sense

From the 1099-DIV Worksheet.

The minimum foreign qualified dividends = 1b +7d -1a.

  

The following procedure provides more details.

Open a new spreadsheet.

Column A is used  for both qualified and unqualified dividends, aka. “Ordinary dividends”.

Column B is used for qualified dividends only.

 

In cell A1, insert the worldwide ordinary dividends. This is the amount in the 1099-div, box 1a.

In cell A2, insert the foreign ordinary dividends. This amount is derived from the broker’s supplemental info.

In cell A3, subtract A2 from A1.  The result is the U.S sourced ordinary dividends.

 

In cell B1, insert the worldwide qualified dividends. This is the amount in the 1099-div box 1b.

In cell B2, insert the foreign qualified dividends. This amount is derived from the broker’s supplemental info.

In cell B3, subtract B2 from B1. The result is the U.S. sourced qualified dividends.

 

Each cell in column A must be equal to or greater than the corresponding cell in column B. If that is not the case then there is an error. Recheck all entries.

Foreign Income qualified dividends error doesn't make sense

Thanks, turns out I hadn't entered either Total or US Source for Box 14 Code B section 5 for my K-1s, but it allowed me to move forward having only entered foreign, which seems like it shouldn't have. However, after correcting this I'm still getting the same error above. Even if I enter exactly $2564 it gives the same error and prevents me from moving on.

 

Edit: Turns out this is just a TT being unintuitive issue, when the error pops up it goes into input/highlight for the first field, where as the error is actually related to the third field.

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