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Form 1040: Entering Foreign Taxes Paid on Dividends

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Intuit

Form 1040: Entering Foreign Taxes Paid on Dividends

Where do I enter foreign taxes paid on dividends?

Where do I enter foreign taxes from Form 1099-Div Box 6?

Solution:

To enter foreign taxes paid on dividends:
  1. To access the Open Forms dialog box, click the Forms menu and choose Select Form.
  2. Type the letter B to highlight the Schedule B and click OK to open the form.
  3. Double-click on Payer's Name field to open a Dividend Income Worksheet
  4. Scroll down to the Foreign Tax Information section and enter the foreign taxes on Line 1.
  5. Enter the Foreign Country on Line 2.
  6. Double-click on the field below Line 3 to link the interest to a copy of Form 1116.
  7. Check box A, B, or C on Line 4 to choose which column of Form 1116 to report the dividends.
  8. On line 5 choose whether taxes were Paid or Accrued and on Line 6 enter the date Paid or Accrued.
  9. Enter the total foreign source income from Box 1 on Line 7.
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