Re: Foreign tax paid on 1099-DIV, box 7 - Intuit Accountants Community

Did you follow the instructions in the link I posted??

Dividend income

Go to the Input Return tab.
Select Credits from the left menu.
Select Foreign Tax Credit (1116).
Select the country from the Name of foreign country dropdown list.
Select Category of income from the dropdown menu.
Select Income from the left menu.
Select Dividend Income (1099-DIV).
Enter the Name of Payer.
Enter the dividend income in Total Ordinary Dividends.
Enter any qualified dividends in Qualified dividends.
Enter any capital gains in Capital Gain Distributions.
Click the Details button to expand the input area.
Scroll down to the Foreign Tax Credit section and complete the information there:
- Select the Name of foreign country (must be the same as selected in step 4).
- Select the Category of income (must be the same as selected in step 5).
- Enter the Percentage foreign (.xxxx) or amount, if different if applicable.
- Enter the Foreign income tax withheld (US dollars).
- Check the box Foreign taxes accrued if applicable.
- Enter the Date paid or accrued.

Answers are easy. Questions are hard!