pk
Level 15
Level 15

Deductions & credits

what it is looking for  are two items -- total interest  & other expenses associated with this foreign income -- usually this is  zero and binned to USA since your account is in the USA; next it is looking for the total investment you have in these shares  that generate the foreign dividend and foreign taxes --- it needs the total and then will allocate the to each of the foreign columns based on income  from the underlying shares -- it is not a tax event.   

 Thus for a foreign  income ( dividend total ) of  2500, of which  500   ( underlying invetment of  4000 )came from Japan and  2000   ( underlying  investment of  20,000 ) came from China --- you would need to enter  investment expenses of  zero ( if there was none -- usual case ) and then enter 25,000 for the total investment generating the foreign income.  I am assuming here that you actually have  paid enough foreign taxes  for all this work to be worth it .   Generally if the income is  from Mutual funds  with underlying foreign  shares  -- you would have to use the funds ownership ratios to compute these factors.

Hope this helps.

  If you need , please provide  relevant foreign taxes  and dividends ( note this is  public board and so no personally identifiable  items ).