While entering the information for the foreign tax paid section in TurboTax, it is asking for the "Foreign Source Income". I'm not sure what figures
from the 1099-DIV to use to calculate foreign source income for my mutual fund.
The 1099-DIV for the mutual fund has the following information:
Fgn Source Inc Tot: 41.33 and Fgn Source Inv Qual: 24.99.
Long Term Capital Gain: 12,125.51
Nonqualified div: 1090.26
Qualified div: 814.45
Short Term Capital Gain: 20.31
Total 14,050.53
Foreign tax withheld -44.06
I'm not sure which percentage to use 41.33 or 24.99 (or both?) and whether or not I'm supposed to use the Total 14,050.53 or
some combination of capital gains and dividends.