I have a 1099-Div from a brokerage, which handles my shares from Takeda Pharmaceuticals.
- Box 7 "Foreign Tax paid" is filled out with a number which I assume to be the amount of foreign tax paid.
- Box 8 "Foreign country or US Possession" is filled out as "United States"
Can Box 8 be "United States"?? Intuitively (for me), Box 8 cannot be United States.
Also, when I get to the section within Turbotax Online, where I have to "Report Foreign Dividends", "United States" is not on the drop-down list for the dividend source, which is not surprising.
I called the brokerage and they said they have verified with Takeda, who said that the 1099-Div is correct. Any input or comments, or anyone with similar experience?
