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Anonymous
Not applicable

What do I enter under "Foreign source amount included in interest" box 6d? Please assume I earned 1000 USD as foreign interests and paid 100 USD locally in taxes?

Options: a) zero, b) 1000 USD, c) the equivalent in local currency? d) none of the above.

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What do I enter under "Foreign source amount included in interest" box 6d? Please assume I earned 1000 USD as foreign interests and paid 100 USD locally in taxes?

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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2 Replies

What do I enter under "Foreign source amount included in interest" box 6d? Please assume I earned 1000 USD as foreign interests and paid 100 USD locally in taxes?

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.


jmgjmg
Returning Member

What do I enter under "Foreign source amount included in interest" box 6d? Please assume I earned 1000 USD as foreign interests and paid 100 USD locally in taxes?

Not the original submitter , but identical situation.And why should I enter zero? Or in other words what exactly is "Foreign source amount included in interest? When is it non zero? 

 

In my particular case, I'm reporting interest paid by a foreign bank that was taxed locally (i.e in the foreign country). The tax was paid to goverment of that foreign country. So obviously the entire interest was "foreign sourced". Not so?

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