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Level 1
posted Apr 4, 2020 2:17:34 PM

1116

1116 error - is asking for "Foreign source amount included in dividends" in Box 7d of Form 1099-DIV worksheet.  Where can i find this or how can i override this so i can efile.  These are small foreign taxes on large mutual funds and these amount have no impact on my 1040.

0 2 274
2 Replies
Not applicable
Apr 4, 2020 2:38:32 PM

first the mutual fund show have provided detail so you could enter the foreign source income.  however, if they didn't and your total foreign taxes are less than $300 for all filing ststus's other than joint (the $600 for joint) just enter the gross dividends , use various for country, entr the FTC amount and don't link to an 1116.   

Level 1
Apr 5, 2020 8:16:22 AM

My foreign taxes were over $6oo.  Would this be causing the error?  None of my many mutual fund statements show any foreign source income.