My 1099-DIV shows foreign taxes paid but zero foreign income

[ericsbcn]

I received a 1099-DIV from Fidelity which shows 0.58 of foreign taxes paid.  TT is asking me what portion of the 1009-DIV amount was from a foreign country.  But I don't seem to have that number.  There is a supplemental info section of the 1099-DIV.  It shows the 0.58 of foreign taxes paid, but under "total foreign income", the number is 0.  Does anyone know what that means?  I called Fidelity and the only thing they could tell me was "ask your tax professional". 

In previous years, when I have had foreign taxes shown on my 1099-DIV, the supplemental section does show an amount for total foreign taxes.  So, I'm at a loss.  If I enter 0 in TT for the portion from a foreign country, it looks like it uses the entire total dividends amount from the 1099-DIV to calculate my foreign tax credit.  Which doesn't seem right.

Anyone know what I should do?

[DaveF1006]

in your case, remove the .58 foreign tax paid from your 1099 DIV entry since it is a small amount. This will relieve you of any headaches trying to figure out how of the Dividend is foreign income and avoid errors in your return when it is time to file.

[ericsbcn]

But the 1099-DIV is reported to the IRS.  Shouldn't my return correspond to what is reported to the IRS?  Or won't they care since it's such a small amount?

[DaveF1006]

No, it doesn't matter if you report a foreign tax paid or not thus the IRS is not interested, especially if it is a small amount. They are only interested in income items that are taxable that aren't being reported and not credits that might actually put money in your pocket.

@ericsbcn 

[AndyK2]

Same question, but my Foreign Tax paid is $348.11.  I don't see the foreign portion of the dividend broken out.

[DaveF1006]

It depends. If you you are filing Married Filing Jointly, the minimum threshold amount for filing a Foreign Tax Credit is $600.  If this is the case, there'll never be a question regarding Foreign Income or a Dividend breakdown. The amount will be directly reported in the return without additional reporting requirements.