Timeline for How can I distinguish ordinary dividend from qualified dividend for when reporting amounts related to foreign financial assets in Turbotax (US taxes)?
Current License: CC BY-SA 4.0
8 events
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| Apr 7, 2019 at 20:05 | history | edited | Franck Dernoncourt | CC BY-SA 4.0 |
Removing which would be a comment, at best.
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| Apr 7, 2019 at 20:04 | vote | accept | Franck Dernoncourt | ||
| Mar 23, 2019 at 19:48 | history | edited | T. M. | CC BY-SA 4.0 |
added 195 characters in body
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| Mar 23, 2019 at 19:29 | comment | added | T. M. | I don't know, but I believe it is. The 1099DIV instructions should be clear enough on that part at least. | |
| Mar 23, 2019 at 19:26 | comment | added | Franck Dernoncourt | Good point: do you think 1099-div is the appropriate income area that I should report the the dividends from non-US brokerage accounts? | |
| Mar 23, 2019 at 18:39 | comment | added | T. M. | In the note there it states that you should also report in the appropriate income area on Turbotax. Also, make sure your account qualifies for what they are looking for there by clicking on their link "foreign financial assets". If it doesn't meet the definition there you wouldn't enter it here. What type of account is it? An account held at a US financial institution or a foreign account? Ok, if you did research that's fine, it's just best to demonstrate that by showing what research you did. | |
| Mar 23, 2019 at 18:27 | comment | added | Franck Dernoncourt | Do I have to report dividends on both "Amounts Related to Foreign Financial Assets" and 1099-div? I'm afraid that it will count twice. I use the Turbotax website and tried Googling the question. What other information do you need? In the link you mentioned, I'm not sure whether "foreign dividends" refer to foreign corporation held in US brokerage account or a non-US brokerage account. | |
| Mar 23, 2019 at 12:52 | history | answered | T. M. | CC BY-SA 4.0 |