Thanks for your prompt reply.
I do know the amount of Foreign Tax paid. I have a listing for each quarter it was paid.
Then I have the subtotal: Total Dividends & Distributions, along with Total Foreign Tax withheld (which is the Foreign Tax paid).
Example: (hypothetical for Investment A, which is a global fund)
Qtr 1: 10.00 Qualified Dividend
2.00 Foreign Tax Pd
Qtr 2: 10.00 Qualified Dividend
2.00 Foreign Tax Pd
Qtr 3: 10.00 Qualified Dividend
2.00 Foreign Tax Pd
50.00 LT Cap Gain
Qtr 4: 10.00 Qualified Dividend
2.00 Foreign Tax Pd
subtot: 90.00 Total Dividends and Distributions
subtot: 8.00 Total Foreign Tax Paid
Then I go to another page of the report and it says:
Foreign Source Income Percentages: 60%
So the question is: What should I enter on TT when it says to enter Foreign Dividends?
1. Should I just take the $90.00 (which includes Cap Gains)
2. OR take $40.00 (which is just the Dividends without the Cap Gains)
3. OR take a percentage (60% of the $90.00 (which includes the Cap Gain and Dividends)
4. OR take a percentage (60% of the 40.00 (which is just the dividends from this foreign RIC)
Thanks in advance.
