The 1099 for a trust shows foreign tax paid. To support this information, the document also includes Nonqualified and Qualified foreign dividends and the total foreign dividends. Which of these three values do I enter for "Foreign Dividends Received"? The help on this topic doesn't help.
@wdhanig you will need to report "total foreign dividends " and the total foreign taxes paid for purposes of foreign tax credit. Note that usually you do not have qualified foreign dividend but if you do , this may have to be broken out and included along with any capital gains. Suggest reading through instructions for form 1116 -- it specifically covers foreign tax credit for trusts/estates.
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