taxsmartcpa
Level 1
12-07-2019
10:22 AM
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Why are all foreign sourced dividend reported by the program on form 1116 line 1a as a negative number to begin with? This is causing all the foreign tax paid (foreign tax credit) being unused and carried over to next year.
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sjrcpa
Level 15
12-07-2019
10:22 AM
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What did you enter for total foreign dividend income and for qualified foreign dividend income?
Ex-AllStar
taxsmartcpa
Level 1
12-07-2019
10:22 AM
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I entered through the 1099-DIV input screen which has input blanks for entries of foreign tax witheld and foreign income amount % when the screen is scrolled down.
George4Tacks
Level 15
12-07-2019
10:22 AM
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Did you actually enter the dividend, as well as the amount of foreign? What % did you use?
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Here's wishing you many Happy Returns
taxsmartcpa
Level 1
12-07-2019
10:22 AM
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I entered the actual amount
sjrcpa
Level 15
12-07-2019
10:22 AM
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What's on Statement 3?
Ex-AllStar
taxsmartcpa
Level 1
12-07-2019
10:22 AM
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statement 3 starts with the same negative number and ends with the same negative number
mjmossman
Level 1
04-17-2021
01:42 PM
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Still no answer.