For a $312 tax credit it asks for foreign income

Forum|Forum|4 years ago
March 22, 2022
1 reply
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For my Fidelity brokerage account 1099-DIV it has foreign tax paid of $312. This is for various countries. Turbotax wants me me to enter the foreign source income for this, but the tax statement doesn't give me this. What do I enter?

Best answer by JulieS

You can enter RIC (Regulated Investment Company) for the country.

If your 1099-DIV detail statement doesn't specify the amount of the foreign source dividend, you can just enter the same amount as what is in box 1 of your 1099-DIV form.

JulieSAnswer

Level 15

You can enter RIC (Regulated Investment Company) for the country.

If your 1099-DIV detail statement doesn't specify the amount of the foreign source dividend, you can just enter the same amount as what is in box 1 of your 1099-DIV form.

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SueJohnsonAuthor

Level 4

It is not a RIC which applies to mutual funds. It is various. So I should just list my total dividends even though that is obviously way way too much?

DianeW777

Level 15

Your statement should give some kind of percentage of dividends that are from foreign sources. If not, you should assume that there had to be enough to create $312 of foreign tax payments. As our awesome Tax Expert @JulieS indicated, you could use the full amount if you are unable to get some breakdown from Fidelity.

They definitely have the detail you need. This link provides details on where you look on your supplemental statements for the information.