ErnieS0
Expert Alumni

Get your taxes done using TurboTax

Your Form 1099-DIV will not show you the total of foreign dividends. Your brokerage statement should have supplemental detail listing each dividend and columns for each type of distribution. One of those should show foreign tax paid.

 

Add the dividends from all the lines with foreign tax to get your foreign income.

 

Other statements might list a percentage, in which case multiply the dividend by the percentage to get foreign income.

 

If the amount of foreign tax paid is very small and you don't care about a deduction or credit, you can remove the Box 7 amount.

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