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Level 4
posted Feb 6, 2026 10:28:16 AM

Foreign source DIV income reported incorrectly, help!

I think I have overstated my foreign source income from mutual funds in both 2023 ($5,593 instead of the correct $5081.08) and in 2024 ($5,820 instead of the correct $5,190.77).  Amount of foreign tax paid reported was correct in both years, however. Is it urgent that I do amended returns for both of these years? 

Thank you,

 

 

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1 Replies
Level 15
Feb 6, 2026 11:31:58 AM

What is your question? If you over-reported foreign source dividend income related to the foreign tax credit, you should amend.