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Level 2
posted Apr 8, 2025 9:45:22 PM

Foreign Source Income

Which value do I use for Foreign-Source Income?

I'm using fake numbers here.

My 1099-DIV has:

Total Ordinary Dividends.....190

Foreign Tax Paid.....20

Foreign Country or U.S. Possession.....Various

In the Supplemental Information Section for Foreign Income and Taxes Summary, it has:

Non-qualified Dividends.....16

Qualified Dividends.....11

Total Foreign Income.....27

Foreign Tax Paid.....20

0 2 698
1 Best answer
Level 9
Apr 9, 2025 5:33:18 AM

The interview will ask for the total foreign income (27). Later a screen may ask for the qualified  dividends. (11).

2 Replies
Level 9
Apr 9, 2025 5:33:18 AM

The interview will ask for the total foreign income (27). Later a screen may ask for the qualified  dividends. (11).

Level 2
Apr 9, 2025 11:50:36 AM

Thank you very much for your quick response.