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steve0755
March 14, 2025
Question

WS Form 1116, Line 18 Adj. Exception Smart Worksheets has box checked Total for. srce. qual. div. and cap. gains from ... F-1116 are < $20,000" Actual is $41,101?

  • March 14, 2025
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    rogge1722
    March 14, 2025

    TT regards all foreign dividends as unqualified. On the form 1116 worksheet, part 1, g, 1h, "dividends & long term cap gains." Insert the qualified amount in the box in column A if that is the only country. TT will then make the adjustments for both line 1a and line 18 of form 1116.

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