AmyC
Expert Alumni

Get your taxes done using TurboTax

If all of the dividends come from mutual funds, just select RIC for regulated investment company and sum the totals. Otherwise, you will have to enter one at a time. Remember, Form 1116 is only needed for amounts over $300 when reported on dividends.

 

At the Where Did you Receive Dividend Income screen, you have to enter one country, go through all the questions, come back and enter the next country. Follow these steps:

  1. Receive income from, select a country, continue
  2. Income from foreign countries, will display countries from first screen (but only as added one at a time)
  3. select the country you just added
  4. select add income
  5. Report tax paid, select the income associated with that country, check the box, continue
  6. Enter the foreign tax paid, continue
  7. Do you want to review your entries? select Yes
  8. Enter the next country and repeat the process

 

 

 

 

 

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