Foreign Tax On 1099 Stmnt

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  • peggysioux
    Senior Member
    • Sep 2006
    • 666

    #1

    Foreign Tax On 1099 Stmnt

    Have a 1099 tax statement showing foreign tax paid but does not specify to which foreign country paid. Is there a good search engine to determine? The description is "FT GLBL", but when I do a google search, it does not give me info needed. Any help would be appreciated!!
  • S T
    Senior Member
    • Jun 2005
    • 5053

    #2
    Can You

    input "various" in your Tax Program
    Some of mine 1099 forms have more than "one" foreign market

    Sandy

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    • dyne
      Senior Member
      • Jul 2005
      • 764

      #3
      A form 1116 is only required if the foreign tax exceeds $300 for a single taxpayer or
      $600 for a joint return. Only when a form 1116 is required would you need the name
      of the foreign country.
      Last edited by dyne; 03-01-2010, 11:19 AM. Reason: more info

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