1099-DIV Foreign Tax Paid

Why are you trying to map to a 1099-DIV? That form is used to report to you the foreign tax withheld. You will report that number in one of three places: On Schedule A, on Form 1116, or directly on the back of Form 1040. You should be looking for a mapping to one of these lines.

Ira Smilovitz

The gross dividend was 5.39 minus .91 for foreign tax withheld. How should I enter that into Quicken?

Greg

I think you are okay. Create a sub category under Taxes called Foreign and map to Schedule A Other Taxes. This is the only place where it seems it can map to. I am not a tax expert. The entry would be a deposit into Checking for the net amount with the Gross Dividend to _DivInc and the Taxes as a neg. amount to the new sub category.

Oilcan

"Greg Grotyohann" wrote in news:xLbli.67$ snipped-for-privacy@newsfe12.lga:

there are two problems: categorizing the expense and transferring the data to ttax. For the first, I simply use subcategories: Tax

---Foreign

-----UK (country tax is paid to).

For tansferring, I file the form 1116 and have never found a way to get Quicken (currently using Q05) to properly transfer the amounts.

scott s. .

Just a question on a somewhat related note. Does Turbo Tax handle the 1116 Form?

Steve Dawson

"Steve Dawson" wrote in news:y9Qli.6401$ snipped-for-privacy@newssvr19.news.prodigy.net:

Yes, but be prepared to do a lot of manual work, unless your situation is very simple.

scott s. .