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Get your taxes done using TurboTax
Yes, you should enter the amount that is listed in Box 7 on the 1099-DIV. In fact, I found this IRS document which explains the matching process in detail and the purposes behind it.
As far as selecting the country, if this dividend was issued from a RIC, then it would be correct either listing Canada or selecting RIC. Selecting RIC is particularly helpful if you have a large number of dividends to report that were issued by RIC's.
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March 4, 2022
5:15 PM