Question

Report Foreign Dividends does not give me the ability to properly answer

Forum|Forum|4 years ago
March 17, 2022
1 reply
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How do I resolve this? The amount (blacked out) is the total foreign taxes reported on the imported document from the financial institution. Some of the dividends are from RICs and some are not (Other). TurboTax doesn't provide a way to say both or to separate out how much of each. How am I supposed to complete this part? Thanks.

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rogge1722

Employee

You can select either one. If you go thru the foreign tax credit interview and there are multiple countries, you can select them as needed which will overrule the 1099-DIV. selection.

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rlkttAuthor

Thanks. I think you are saying there will be additional interaction later in the interview process that will provide the ability to do this correctly, no matter which choice I make here. Is that correct? If that is so, then maybe TurboTax needs to fix this part to say that or maybe provide a "both" option to generate the additional needed interaction.

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DianeW777

Yes, when you begin to enter your foreign tax credit you will be asked what country the foreign tax was paid to. This will be on the statements that come with your 1099-DIV. See the image below.