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NEGATIVE Dividends on Form 1116 Statement?

msindc1
Level 5

Friends:

Client has $20,037 in ordinary dividends, about $13,000 in qualified dividends, and $23 in capital gain distributions.  Her foreign-source dividends are $3,007.

The line 1a statement on her form 1116 shows the qualified dividends and capital gain distributions exactly as entered.

But dividends are listed as -10,139.  I can't figure out where that number is coming from or why it is a negative number.  Can anyone help?

Micah

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2 Comments 2
George4Tacks
Level 15

I just duplicated that input and no problems. 

Go to that line of input and use Ctrl + W to see the detail.  See if it matches this and the 1116 I got

Screenshot 2025-04-15 130308.jpg1116.jpg

 

Maybe you have input in one of your other dividend entries that is messing it up. I DO NOT BELIEVE IT IS THE SOFTWARE. It is PEBKAC

 


Answers are easy. Questions are hard!
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msindc1
Level 5

Thanks, George.

Yeah, my entries look like yours (other than the fact that I have a long list of them!).  

Does your Statement look like mine?

Screenshot 2025-04-15 161354.png
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