Form 1116: Vanguard VTIAX: What to enter for Total foreign income and Foreign Qualitified Dividends and LT capital gains

[jackkgan]

Dear experts,

I am filling form 1116 from Vanguard 1099-Div for Foreign tax credit. The following values are shown in "2019 Foreign Tax Paid" from Vanguard.

Description : VNGRD TTL INTL STK ADML (VTIAX)

Foreign tax: 469

Foreign Income: 6775

QDI Eligible Foreign Income: 4445

Questions:

1) So, now is it ok to choose the following in TT?

Country: RIC

Total Foreign income for this category: 6775

Foreign qualified dividends and l.t. capital gains: 4445

2) Can I leave the rest blank such as AMT-RIC, etc.? Will TT automatically pick up other numbers entered to compute any other adjustments required automatically?

3) Should I take into account any other  numbers from my Vanguard 1099-Div form such as :

Box 1a: Total ordinary dividends?

Box 1b: Qualified Dividends?

Box 2a: Total capital gain distr?

Thanks a lot!

Regards.

[Bsch4477 · Accepted solution]

Yes, to all of your questions. 

[jackkgan]

Thank you so much Bsch4477