Yes, I agree Foxbat. I probably wasn't clear. Yes, only one 1116 and you can have all your RICs in Column A and all your Various (individual stocks) in Column B of the same 1116. And all are Passive Income.
The difficultly is how to get that to occur if you have both types reported on the same 1099-B. If you have multiple RICs yes I agree they can and should all be added into one. Just as if you have multiple individual stocks they should collectively be marked Various.
But each 1099-Div has only one Box 7 & 8 so you can only aggregate one type of income as you must say in Box 8 if it's RIC or Various - you can't chose more than one type. So if you have both RIC and Various on the same 1099-B you have to use a 2nd 1099-Div to get another Box 7 & 8 so you can choose Various if you chose RIC on the first one. And you have to divide up the tax and the income between the two types.
Alternately if you have a RIC at Schwab and a RIC at Vanguard, on each respective 1099-Div you indicate RIC Box 8 and Copy 1-1116 column A and TT correctly aggregates them. Which it sounds like is your situation.
The problem is having both types (or more than one type) on the same 1099-B which it sounds like the situation Irsispita is in. It's a workaround to get that to be correctly reported on the same 1116. I hope I am being a bit clearer.
