Got it, thanks. I thought Jensen was a different person who wrote something in a different thread.

Summarize:

- In my original example of 300k domestic qualified dividend and 80k foreign dividend, no adjustment needed. The reg and instruction say so. I guess this is due to that there is a differential treatment on the foreign dividend in the tax return (the max rate is 15% on the entire return). The situation will change (adjustments needed) when we introduce a wage exceeding the standard deduction by $1.

- We cannot qualified dividend as non-qualified dividend as there are no provisions to do so. Treat them as what they are regardless it increases tax or reduces tax.

Thanks gentlemen!