puravidapto
Level 7
02-11-2024
04:18 AM
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I have 300,000 US qualified dividend and 80,000 India qualified dividend only as income. I believe the line 1 and line 18 should be adjusted per form 1116 instructions https://www.irs.gov/pub/irs-pdf/i1116.pdf on page 9 because one of the two conditions for adjustment exception does not meet (please note, it says both conditions need to be met), which is:
- The amount of your foreign source capital gain distributions, plus the amount of your foreign source qualified dividends, is less than $20,000.
However, proconnect does not make any adjustments:
The qualified dividend worksheet is copied below. Please let me know if this is my misunderstanding or a software bug for which I should contact Intuit.
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