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New Member
posted Jun 4, 2019 2:21:51 PM

I have tax documents that have a column for foreign tax, foreign income, and qdi eligible foreign income. How do I use the qdi information?

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1 Replies
Level 9
Jun 4, 2019 2:21:53 PM

If you have to fill out form 1116, the qdi will be singled out 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