Form 1116 captured all foreign sourced dividend input from the 1099 DIV input screen as negative total to report on line 1a.

[taxsmartcpa]

Why are all foreign sourced dividend reported by the program on form 1116 line 1a as a negative number to begin with?  This is causing all the foreign tax paid (foreign tax credit) being unused and carried over to next year.

[sjrcpa · Accepted solution]

What did you enter for total foreign dividend income and for qualified foreign dividend income?

[taxsmartcpa]

I entered through the 1099-DIV input screen which has input blanks for entries of foreign tax witheld and foreign income amount  % when the screen is scrolled down.

[George4Tacks]

 Did you actually enter the dividend, as well as the amount of foreign? What % did you use?

[taxsmartcpa]

I  entered the actual amount

[sjrcpa]

What's on Statement 3?

[taxsmartcpa]

statement 3 starts with the same negative number and ends with the same negative number

[mjmossman]

Still no answer.