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#1
02-14-2008, 09:11 PM
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 Re: Foreign Contry or U.S. Possession On Feb 13, 5:11*pm, ed <edcos...[at]sbcglobal.net> wrote: - quote - > form 1116 i daunting enough. *Just put "varios" for the many countires
But if the country is one that supports international terrorism you> usually invollved. *If you know the country , put it in, otherwise > various. cannot take a credit for it (but you can take a deduction according to publication 514). If you meet the requirements (roughly that your foreign tax is less than 300 or 600 depending on single or married, only taxable foreign income reported on 1099-INT or 1099-DIV, etc) then you don't have to bother with form 1116. -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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02-14-2008, 12:11 AM
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| Re: Foreign Contry or U.S. Possession On Feb 13, 6:57*pm, "Taxlover" <taxlo...[at]yahoo.com> wrote: - quote - > Fidelity just enters "Various" on the 1099-INT and 1099-DIV.
usually invollved. If you know the country , put it in, otherwise> Is it okay to just put "various" on the tax return? *Seems to me they > wouldn't bother to ask if that was an adequate answer; but what do I know... > -- > << ------------------------------------------------------- > > << The foregoing was not intended or written to be used, * > > << nor can it used, for the purpose of avoiding penalties *> > << that may be imposed upon the taxpayer. * * * * * * * * *> > << * * * * * * * * * * * * * * * * * * * * * * * * * * * * > > << * The Charter and the Guidelines for submitting posts * > > << *to this newsgroup as well as our anti-spamming policy *> > << * * * * * * * * *are atwww.asktax.org. * * * * * * * * > > << * * * * Copyright (2007) - All rights reserved. * * * * > > << ------------------------------------------------------- > form 1116 i daunting enough. Just put "varios" for the many countires various. ed -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#-1
02-13-2008, 11:57 PM
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| Foreign Contry or U.S. Possession Fidelity just enters "Various" on the 1099-INT and 1099-DIV. Is it okay to just put "various" on the tax return? Seems to me they wouldn't bother to ask if that was an adequate answer; but what do I know... -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
| Tags |
| contry, foreign, possession |
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