|
@#$%^tax rant#$&&^%
Just did my 2010 taxes and for the umpeenth year, they did it again
You need to know the foreign tax paid which is sitting clearly in 1099-DIV box 6, great!!
but you also need to know the $ value of the foreign investments on which the foreign tax is paid. That # is nowhere to be found in the tax forms that you receive. I had to go to the web site of 8 different investment companies and root through arcane files where lo and behold you eventually find on a pdf somewhere the % of you investment which is in foreign country's. That is the hard part. then you have to grab a calculator and push the buttons to find the actual dollar amount to put into your federal tax documents.
They have this info, why isn't there a box on the 1099 for it, why make tax preparers spend hours looking for it!!
|