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Level 2
posted Apr 15, 2020 2:39:04 PM

Enter Total or Qualified Foreign Source Income trust tax return

I'm completing a 1041 for a trust. TurboTax Business 2019 prompts for entry of Foreign Dividends Received. My TDAmeritrade Combined 1099 lists both Total Foreign Source Income and Qualified Foreign Source Income. Which value (Total or Qualified) do I enter?

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1 Best answer
Level 15
Apr 15, 2020 3:27:27 PM

TDA should have included instructions with your 1099-B. See if the information at the link below has any utility.

 

https://www.troweprice.com/personal-investing/planning-and-research/tax-planning/prepare-your-taxes/fund-specific-tax-and-reclassification-info/tax-reporting-for-foreign-taxes-paid.html

1 Replies
Level 15
Apr 15, 2020 3:27:27 PM

TDA should have included instructions with your 1099-B. See if the information at the link below has any utility.

 

https://www.troweprice.com/personal-investing/planning-and-research/tax-planning/prepare-your-taxes/fund-specific-tax-and-reclassification-info/tax-reporting-for-foreign-taxes-paid.html