When filling in the information from my 1099-DIV, I reported $267.14 in foreign taxes paid. Two steps later, I am to report the portion of the dividends and distributions that was from a foreign country. I have that number, of course, from my 1099-DIV summary. However, I am required to check whether those foreign dividends are from a Mutual Fund/Regulated Investment Company (RIC) or other. I cannot choose both.
In my situation, some of the dividends came from RICs (mutual funds) and some came from regular securities. What should I check? This might affect how the numbers are reflected on the Form 1116 if i wish to claim the foreign tax credit.
Thank you in advance.
