A nominal foreign Tax of $90.00 was reported on 1099-DIV where should it be recorded in order to get the credit?
Double click on the dividend line to take you to a supplemental worksheet. Scroll to the bottom.
@Just-Lisa-Now- wrote:some people skip all that hullabaloo and plunk it down right on Line 1 of Sch 3.
I never thought of that, but that is an AWESOME idea. 😀
That doesn't work some of the time. The FTC is sensitive to the tax bracket of the taxpayer and also to the percentage of tax that was withheld from the dividend. I like your idea better than the hullabaloo!
Another Former All Star
I like that solution! Some of these things are so time consuming, always enjoy shortcuts that yield the same result. Thanks Lisa!
