I am going through the interview questions for TurboTax premier, web version in the context of Foreign Tax Credit (FTC) and Form 1116. I had a few INDIVIDUAL (NOT mutual fund) FOREIGN stocks that reported dividend income in my 1099-DIV provided by my brokerage. For the reported foreign dividend income, I am being asked country.
For mutual funds, it is clear that I can pick "RIC (Regulated Investment Company)". But I am not clear about INDIVIDUAL stocks held outside of mutual funds (within the same brokerage as the mutual funds).
I read online that for INDIVIDUAL foreign stocks that are from a recognized brokerage (Fidelity, Vanguards etc), I can just pick "RIC" instead of listing out every country. Is this true? I am happy to report it country by country but TurboTax has some UI issues that are not allowing me to do that and doesn't look like my tax refund changes either way. Please advise.
