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Level 2
March 14, 2021
Solved

diagnostic 55410 requires a country on form 1116

  • March 14, 2021
  • 1 reply
  • 4 views

form 1116 requires a country and it is from a mutual fund and they do not name a country, instead they advise to put RIC in that field.  Lacerte does not allow us to do that. 

The detail from Vanguard states that the dividends are from US Corps  they are considered US source dividends.  So the Foreign tax withheld.  

What do I do to get past this critical diagnostic?

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Best answer by Shubhangi

I had called the Lacerte support for this same problem. She had recommended me to use 'other country' OC as the name of the country.

1 reply

ShubhangiAnswer
Level 2
March 14, 2021

I had called the Lacerte support for this same problem. She had recommended me to use 'other country' OC as the name of the country.