Schedule B - Form 1099-DIV

Forum|Forum|3 years ago
April 11, 2023
1 reply
28 views

I keep getting the message "BOX 7 is not between the prescribed upper and lower limits" and not allowing to file my taxes.

Best answer by JulieS

Yes, the negative number in box 7 is the cause of the error. That amount is foreign taxes paid and should not be negative.

You will need to look in the details of your 1099-DIV, or call the company that issued the form. If $7.60 in foreign tax was paid, it should be entered as a positive number.

JulieS

Level 15

We'd love to help you complete your tax return, but need more information. Can you please clarify your question?

Box 7 can be blank, but should not be $0. It cannot be more than box 1a. What numbers are you entering for boxes 1a and 7?

Is the error related to your 1040, or your state tax return?

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Suka1Author

Level 2

this is for 1040 and the value is negative amount in box 7 - 7.60 and 1a 397

JulieSAnswer

Level 15

Yes, the negative number in box 7 is the cause of the error. That amount is foreign taxes paid and should not be negative.

You will need to look in the details of your 1099-DIV, or call the company that issued the form. If $7.60 in foreign tax was paid, it should be entered as a positive number.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"