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johnmenno
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Schedule B - Form 1099-DIV. It is asking for a "Foreign source amount. There is nothing on my 1099-DIV aside from the Foreign Tax Paid (1.14). What do I input?

 
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3 Replies

Schedule B - Form 1099-DIV. It is asking for a "Foreign source amount. There is nothing on my 1099-DIV aside from the Foreign Tax Paid (1.14). What do I input?

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.


Schedule B - Form 1099-DIV. It is asking for a "Foreign source amount. There is nothing on my 1099-DIV aside from the Foreign Tax Paid (1.14). What do I input?

Form 1099 Div - where can I find  foreign  Source  Amount?

SusanY1
Employee Tax Expert

Schedule B - Form 1099-DIV. It is asking for a "Foreign source amount. There is nothing on my 1099-DIV aside from the Foreign Tax Paid (1.14). What do I input?

It is typically found in supplemental pages attached to your 1099-DIV -but it isn't always obvious that's what you're seeing.  It often just blends in with the disclosures and other "stuff" that those forms can contain.  

 

If you don't see it on the forms, sometimes the fund company or bank will have information on their website, or you can call them.  

 

In some cases it is easy to presume all of the dividend is foreign source, such as when it is a foreign bank or mutual fund invested wholly in foreign assets. 

 

@1rameshtax1

 

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