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In the turbo tax section on Foreign Tax Paid, turbo tax asks what is the Foreign source amount from my mutual fund 1099 Div. Where is this on my 1099 Div?
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In the turbo tax section on Foreign Tax Paid, turbo tax asks what is the Foreign source amount from my mutual fund 1099 Div. Where is this on my 1099 Div?
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.
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In the turbo tax section on Foreign Tax Paid, turbo tax asks what is the Foreign source amount from my mutual fund 1099 Div. Where is this on my 1099 Div?
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.
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In the turbo tax section on Foreign Tax Paid, turbo tax asks what is the Foreign source amount from my mutual fund 1099 Div. Where is this on my 1099 Div?
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In the turbo tax section on Foreign Tax Paid, turbo tax asks what is the Foreign source amount from my mutual fund 1099 Div. Where is this on my 1099 Div?
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In the turbo tax section on Foreign Tax Paid, turbo tax asks what is the Foreign source amount from my mutual fund 1099 Div. Where is this on my 1099 Div?
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In the turbo tax section on Foreign Tax Paid, turbo tax asks what is the Foreign source amount from my mutual fund 1099 Div. Where is this on my 1099 Div?
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In the turbo tax section on Foreign Tax Paid, turbo tax asks what is the Foreign source amount from my mutual fund 1099 Div. Where is this on my 1099 Div?
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In the turbo tax section on Foreign Tax Paid, turbo tax asks what is the Foreign source amount from my mutual fund 1099 Div. Where is this on my 1099 Div?
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In the turbo tax section on Foreign Tax Paid, turbo tax asks what is the Foreign source amount from my mutual fund 1099 Div. Where is this on my 1099 Div?
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In the turbo tax section on Foreign Tax Paid, turbo tax asks what is the Foreign source amount from my mutual fund 1099 Div. Where is this on my 1099 Div?
Make sure F1116 is deleted.
Go to the foreign tax credit interview and when you
start, here are the screen headers and the responses.
1. Foreign tax credit
Continue
2. Tell us about your foreign taxes.
Skip the foreign tax credit.
3. Foreign Taxes
Continue
TT will exit the interview and the credit should appear on line 48 of the 1040.
You still will have to enter the zero to avoid the error.
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In the turbo tax section on Foreign Tax Paid, turbo tax asks what is the Foreign source amount from my mutual fund 1099 Div. Where is this on my 1099 Div?
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In the turbo tax section on Foreign Tax Paid, turbo tax asks what is the Foreign source amount from my mutual fund 1099 Div. Where is this on my 1099 Div?
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In the turbo tax section on Foreign Tax Paid, turbo tax asks what is the Foreign source amount from my mutual fund 1099 Div. Where is this on my 1099 Div?
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In the turbo tax section on Foreign Tax Paid, turbo tax asks what is the Foreign source amount from my mutual fund 1099 Div. Where is this on my 1099 Div?
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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