Fenway-cpa
Level 3
02-21-2023
01:37 PM
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Re: 1099-DIV foreign tax, I cannot get the foreign source dividends to come out right on the 1116 and the corresponding statement for Line 1A. Using the adjustments I adjust out the non-foreign qualified dividends and non-foreign cap gains distributions. Those sections come out right and show on the statement accurately, however, non-foreign ordinary dividends still calculate in line 1A, making my foreign source income higher by the $ of non-foreign ordinary dividends. Please help! TIA!!
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