Quote:
Originally Posted by Bill Verburg
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!!
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Dude, maybe you just need a little help with the math?
LOL j/k