Foreign source income is the sum of unqualified dividends, qualified dividends and capital gains. TT will ask for qualified dividends(QDI) only if the following holds:
- You have foreign qualifying dividends or long-term capital gains totaling more that $20,000, OR
- Your total income exceeds the following amount for your filing status:
- Married Filing Joint or Qualifying Widow(er): $223,050
- Single: $183,250
- Head of Household: $203,150
- Married Filing Separate: $111,525
- You have foreign qualifying dividends or long-term capital gains totaling more that $20,000, OR
- Your total income exceeds the following amount for your filing status:
- Married Filing Joint or Qualifying Widow(er): $223,050
- Single: $183,250
- Head of Household: $203,150
- Married Filing Separate: $111,525
If you fall within the parameters listed about and you have indicated you paid foreign tax, this will be reported when you claim your foreign tax credit.