Do we need to upgrade ,if we have a 1099-Div form coming from Canada? Per your instructions the upgrade is necessary for form 1116,which we do not have.

Form 1116 is the Foreign Tax Credit form. If you didn't pay any foreign taxes on the dividends, or if they were less than $300 ($600 joint), then you don't need the form 1116 on your tax return.

I have an Enbridge 1099-DIV with a Canadian Postal Code which the software will not accept. I have tried to override but cannot.  Do I have to buy the more expensive software for this? Enbridge is not a small company so there must be others in the same position as I

I have an Enbridge 1099-DIV with a Canadian Postal Code which the software will not accept. I have tried to override but cannot.  Do I have to buy the more expensive software for this? Enbridge is not a small company so there must be others in the same position as I

I have the same issue. TurboTax Premier On-line won't accept my Enbridge 1099-Div because it doesn't allow a non-US postal code. There doesn't seem to be a way to drill into the form to enter Canada in the Foreign Country box.

Please clarify your question. Which Form are you trying to complete?

 

Please be aware that if you paid foreign tax you can choose to take this as a deduction or a credit. You will not need Form 1116 if you are taking it as a deduction.

 

Below are the steps to Enter a Foreign Dividend.

 

Log back into TurboTax and go to the Federal interview section of the program.

1. Select Income & Expenses
2. Scroll down to All income
3. Select Dividends on 1099-DIV
4. Select Edit to the right of the applicable 1099-DIV form
5. The next page will say Let's get the info from your 1099-DIV.  Scroll down to the writing below Box 1b - Qualified Dividends.
6. You should see a box that you can check that says My form has info in other boxes (this is uncommon).
7. Once you check this box, you will be able to enter the Foreign Tax Paid as listed in Box 7 of your 1099-DIV form.

 

@anguillidae 

First you do NOT need to enter the foreign tax paid if you do not wish to get credit for them.

 

Next you do NOT need to enter anything but the payer's name for interest or dividends ... 

 

So the problem arises when I try to finalize my return so that I can file it on line. TurboTax goes through the review process and notices that the zip code and state for a dividend payer are missing on Schedule B. But the dividend payer is a Canadian company (Enbridge). It has a postal code but not a zip code, and it's in Ontario, not a US state. There doesn't seem to be a way for me to tell TurboTax that this is a Canadian company. Because of this glitch I may have to file a paper return rather than filing on line. I'm using TurboTax Premier On-line.

Try deleting Schedule B and reentering the information. 

 

1. Under Tax Tools, choose Tools.
2. Choose Delete a Form.
3. Delete Schedule B
4. Confirm that you wish to delete the form.

Clear the Cache before logging back into TurboTax.

 

How to Clear Cache

 

Please send another message if this does not work. 

 

@anguillidae