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And vague statements like "A 1099 from a broker is often insufficient..." really doesn't mean anything. If you have specific examples, show them and cite the Pub or IRC. Otherwise, you're just making noise and being annoying.

Let's make this clearer. A 1099-DIV from a broker can be insufficient to prepare a correct return. Assume a single taxpayer with a substantial brokerage account who receives a 1099-DIV with the following entries:

1a) Ord divs: $20000
1b) Qual divs: #18000
7) Foreign tax: $400
9) Foreign country: various

You do not have enough information to prepare an accurate return. The foreign tax paid is >$300, so Form 1116 is required. In order to complete Form 1116, you need to know how much of the Box 1a and 1b amounts are foreign sourced. That information is not part of the 1099-DIV, but will be in the supplemental statements.

No noise and not annoying... informative.

Ira
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