Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
Vish
New Member

My 1099-DIV auto imported from Wealthfront. During the final federal check I get "Schedule B-Form 1099-DIV: Foreign source amount must be entered". Where can i find this?

 
1 Best answer

Accepted Solutions
SamiaI
New Member

My 1099-DIV auto imported from Wealthfront. During the final federal check I get "Schedule B-Form 1099-DIV: Foreign source amount must be entered". Where can i find this?

If there is an entry in 1099-DIV box 6TurboTax 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 Form 1116 is filled out, there is a screen to input that amount which TurboTax will insert into box 6d and clear the error. 

If Form 1116 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.

View solution in original post

1 Reply
SamiaI
New Member

My 1099-DIV auto imported from Wealthfront. During the final federal check I get "Schedule B-Form 1099-DIV: Foreign source amount must be entered". Where can i find this?

If there is an entry in 1099-DIV box 6TurboTax 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 Form 1116 is filled out, there is a screen to input that amount which TurboTax will insert into box 6d and clear the error. 

If Form 1116 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.

View solution in original post

Dynamic AdsDynamic Ads
Privacy Settings
v