I am still confused about what to enter for foreign-source income for Vanguard.
I have had 3 funds in Vanguard in 2021 (VTI, VXUS and VWLUX) out of which only VXUX had "Foreign tax withheld-Various"
"VXUS Dividends+distributions"=$8000,
"total dividends+distributions"=16000,
Box 1a (Total Ordinary Dividends in 1099-DIV)=$15000
Box 1b (Total Capital Gain distributions in 1099-DIV)=$1000
Vanguard tax form did not provide foreign source income, but provided below:
FOREIGN SOURCE INCOME PERCENTAGES
Fgn Source Inc Tot 90.34% Fgn Source Inc Qual 64.50%
Turbo Tax "Foreign-Source Income" screen says : You reported $16000 of total iincome from Vanguard. How much of this income was from foreign countries?
Question:
Which of the following should I provide for Foreign source income?
Option 1) (Total Dividends+distributions*90.34%) = (16000*90.34/100) or
Option 2) (Box 1a*90.34%) = (15000*90.34/100) or
Option 3) (VXUX Dividends+distributions*90.34%) = (8000*90.34/100) ?
Thanks a lot!
