When I get the 1099 DIV forms for mutual funds and stock brokerage accounts, I add two transactions dated year end (if this is the only mention of foreign taxes): Foreign tax: +xxx (expense) Dividend: +xxx (income) for each net foreign tax paid for each security. I am looking for the total of all the foreign tax entries.
Other investments, tell me about each gross dividend / interest payment and how much foreign tax was withheld. Those I can enter as each is done. On Sun, May 14, 2023 at 4:24 PM Ken Farley <[email protected]> wrote: > Form 1116 has cost me at least a couple of iterations of filing my taxes > in the past. It would be nice if something told me I needed it...but > unless I was paying taxes to a foreign nation directly, meaning a > transaction occurs in one of my accounts, I don't see how I would have > it included in this report. Dividends I get, interest received, capital > gains, etc. These are all entries into my ledgers that the report can be > told to use. The taxes paid that are useful for the Form 1116 tax credit > are only known to me when I get my 1099 Forms from my investment > brokerage. I have absolutely no idea what they will be until I see that > entry in the form. So, I don't understand how the tax report in Gnucash > would be able to supply you with this information? > _______________________________________________ > gnucash-user mailing list > [email protected] > To update your subscription preferences or to unsubscribe: > https://lists.gnucash.org/mailman/listinfo/gnucash-user > ----- > Please remember to CC this list on all your replies. > You can do this by using Reply-To-List or Reply-All. > _______________________________________________ gnucash-user mailing list [email protected] To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
