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Deductions & credits
I spoke to my broker (fidelity). For the supplemental foreign section of the1099, they allocate everything to the "Non-qualified" bucket if the ETF fund does not separately disclose the qualified foreign income.
It appears that this is what is happening with the iShares funds I own. If you google "iShares® 2019 Distributions - Year End Tax Supplement Report" you will see that they only provide foreign tax and the total foreign source income %. Unlike many other funds, they do not provide the % of qualified foreign source income for their ETFs.
Do I need to manually allocate the foreign income between qualified and non-qualified income? If so, how is this done.
April 15, 2020
2:20 PM