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Deductions & credits
On f1116, each column represents one foreign country. You have 2 RIC's; that is considered as one country. You would sum the income and the taxes paid on both as if they were only one. The next step is to identify the source country for the individual stocks. Here is how to do that:
In addition to the 1099-DIV, the broker/payer normally issues a document usually referred to as “Statement of Additional Information” or “Year-End Summary Information” or similarly titled. With this document, the starting point is the Foreign Tax data. It will list all the companies, the country and the tax paid by each company. Then cull through the qualified and unqualified lists to locate each company and extract the dividends paid.
June 7, 2019
5:33 PM