multiple 1099-DIV's with multiple foreign countries

Forum|Forum|4 years ago
March 4, 2022
1 reply
18 views

I have three 1099-Div's with a total of 10 countries plus two separate RIC listings across them. I list all the appropriate sources as requested by the Easy Step program but it will not let me enter the income for more than one (sometimes two) each time I attempt to complete the process. With each restart, I have deleted the Form 1116 to attempt a fresh start. How should I be doing this?

DaveF1006

Level 15

When you select the country in the drop-down menu, select various for the non-RIC listings. This should allow you to enter the total income and foreign taxes paid using this option since it is all dividend income. See if this works.

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Sagilj

Level 2

When I get past this I get excess taxes that goes toward future years but also a message that I can't file electronic ly. Is this normal? Sagilj

DaveF1006

Level 15

No. Wait until 03/10 when Form 1116, Sch B, Foreign Tax Carryover Reconciliation Schedule is available. On 03/11, you should be able to electronic file your return with no restrictions. I would wait 03/12 to electronic file just to be safe.

@Sagilj

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