If they don’t, you may need to contact us or your previous firm. Check to make sure all of your transactions have cost basis.For each dividend row that has an entry in the “Foreign Taxes Paid” and “Country” columns, the “Amount” column is the foreign source income. Your Form 1099-DIV (dividends) may include a value for line 6, “Foreign tax paid,” and line 7, “Foreign country or US possession.” When prompted by TurboTax to provide a country-level breakdown, you can select/enter “Various” for the country and accept TurboTax’s prompt for the IRS’s “easy out.” If needed, you can find the income associated with line 6 by going to the dividend detail section in the latter part of your Form 1099.After importing your data, you may be prompted by TurboTax to “Tell Us More About Your Exempt Dividends.” At the State prompt, select “Multiple States” at the very bottom of the drop-down menu and uncheck the box for “I earned tax-exempt dividends in more than one state.” You received these dividends from a diversified portfolio of securities and, as such, they are not eligible for this state-by-state breakdown.If you receive corrections to your tax documents, there may be up to a 48 hour delay from the date the document is posted to your account until the updates are reflected in your imported TurboTax data.An IRA account will not have data available for import even if a Form 1099-R was issued. ![]()
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