Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Form 1116 captured all foreign sourced dividend input from the 1099 DIV input screen as negative total to report on line 1a.

Highlighted
Level 1

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.

Labels (1)
0 Cheers
1 Solution

Accepted Solutions
Highlighted
Level 14

What did you enter for total foreign dividend income and for qualified foreign dividend income?


ex-AllStar

View solution in original post

0 Cheers
6 Replies 6
Highlighted
Level 14

What did you enter for total foreign dividend income and for qualified foreign dividend income?


ex-AllStar

View solution in original post

0 Cheers
Highlighted
Level 1
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.
0 Cheers
Highlighted
Level 15
 Did you actually enter the dividend, as well as the amount of foreign? What % did you use?

ex-AllStar
0 Cheers
Highlighted
Level 1
I  entered the actual amount
0 Cheers
Highlighted
Level 14

What's on Statement 3?


ex-AllStar
0 Cheers
Highlighted
Level 1
statement 3 starts with the same negative number and ends with the same negative number
0 Cheers