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Level 3
March 1, 2026
Solved

Foreign Dividends to generate foreign taxes

  • March 1, 2026
  • 1 reply
  • 103 views

There is a Turbo Tax input to enter the Foreign Dividends that generated the corresponding foreign taxes for each mutual fund.  Vanguard and Fidelity don't have a line item for this in their 1099-DIVs.  I remember asking a mutual company about this in 2023 or 2024, but they said that they don't provide this.  Is this an IRS requirement or just a turbo tax input?   If the mutual fund company won't provide it, it will be hard to figure out what then foreign dividends would be that generated the foreign tax that was withheld.   Let me know your take and if you have any other suggestions to calculate the foreign dividends that were generated by fund

Best answer by pk_

@cornyb4  while I am not familiar with the ref'd entity's  paperwork, in the past there used to be  a "broker's  consolidated" report.  This ,in the  back/detailed information sheets , would provide a percentage  of fund's holding by country/ foreign.  From this info one could get approx. amount of foreign dividend earned on your holdings ( by country or by RIC ) and the taxes paid thereon.  Large funds generally do not provide information beyond this level of granularity -- but is sufficient for filing your taxes.

 

Hope this helps

1 reply

pk_Level 15Answer
Level 15
March 1, 2026

@cornyb4  while I am not familiar with the ref'd entity's  paperwork, in the past there used to be  a "broker's  consolidated" report.  This ,in the  back/detailed information sheets , would provide a percentage  of fund's holding by country/ foreign.  From this info one could get approx. amount of foreign dividend earned on your holdings ( by country or by RIC ) and the taxes paid thereon.  Large funds generally do not provide information beyond this level of granularity -- but is sufficient for filing your taxes.

 

Hope this helps

Level 3
March 25, 2026

My Fidelity Investment Account's 1099 shows sum of Foreign Taxes Paid on the first page.  It lists foreign transaction details by country in another section, "Foreign Income and Taxes Summary."  Depending on your investment profile, yours might be one or several pages.  You'll probably find the overall sum of individual transactions for "Equities + Bonds" and for "RICs" at the section's end.   Like another poster said, it's almost the last page of Form 1099.  Hope this helps.