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1099-Div box 8 for US only divideds

I have a US brokerage 1099 with US and multiple international dividends. In the Turbo Tax desk top version I created a 1099 form for each international country and one for US dividends. In running smart check it says I need to enter a response other than ""not applicable" in box 8 for the US only dividends.. Cannot figure out how to fix?

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1 Reply
MarilynG1
Expert Alumni

1099-Div box 8 for US only divideds

You don't need to create 'dummy' 1099-DIV forms for your foreign dividends that are reported on a 1099-DIV from your US broker. 

 

When entering your 1099-DIV, check the box to indicate 'I have more info..' and enter the amount of Foreign Tax reported on your 1099-DIV in Box 7 (screenshot). 

 

This info will transfer for you to the Foreign Tax Credit section. 

 

Click this link for info on How to Claim a Foreign Tax Credit

 

In the Foreign Tax Credit section, you enter the total amount of your Foreign Dividends and use one country 'RIC' to report this amount (screenshot).

 

 

 

 

 

 

 

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