Foreign Passive Income

ihatetaxes
ihatetaxes Member Posts: 2 Newcomer
in Filing my taxes

I have Foreign Taxes Paid on my 1099-DIV. The software is forcing me to enter

Foreign Passive Income. The prompt says it appears on the 1099-DIV . It does not. I have never been asked this before. I checked with my brokerage. They said they have no knowledge of it. Also, the taxes paid arent even to a specific country.. it is listed as various and it is a minor amount.

Software is not letting me continue without entering something - how do i get past it

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Answers

  • ihatetaxes
    ihatetaxes Member Posts: 2 Newcomer

    i realized that the software had defaulted to claiming a foreign tax credit and that is why it was asking me to put in the income… If I unchecked that, the income was no longer required, but it did give me the credit. In prior years with other software, it gave me a credit without entering the income

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