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New for 2017 is the following flaw: If there is an entry in 1099-DIV box 6, TT will immediately and incorrectly require an entry in box 6d and will mark it as an error until an amount is entered. Box 6d is “the foreign source amount included in dividends.” If F1116 is filled out, there is a screen to input that amount which TT will insert into box 6d and thus clear the error. If F1116 is not filled out because the user elects to use the exemption or the deduction, then bring up the 1099-DIV worksheet and type a zero into box 6d to remove the error.
New for 2017 is the following flaw: If there is an entry in 1099-DIV box 6, TT will immediately and incorrectly require an entry in box 6d and will mark it as an error until an amount is entered. Box 6d is “the foreign source amount included in dividends.” If F1116 is filled out, there is a screen to input that amount which TT will insert into box 6d and thus clear the error. If F1116 is not filled out because the user elects to use the exemption or the deduction, then bring up the 1099-DIV worksheet and type a zero into box 6d to remove the error.
This is a nightmare. Year after year I struggle with this problem. A mutual fund reports a foreign tax credit amount in Box 7 of the 1099-DIV. You enter the information on the 1099-DIV without difficulty and think you are good to go. During "Smart Check" you get an error such as "Schedule B -- Form 1099-DIV (DWS International Growth-S): Foreign source amount must be entered." The mutual fund company doesn't report a foreign source amount. What do you do?
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