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Not US person, living abroad, US div income (funds), no tax withheld. Entering income from 1099-DIV in schedule NEC. Can I get a credit for foreign tax (1099-DIV box 7)?
Situation: I am not a US person, I'm living abroad, I had US dividend income from mutual funds in 2020, but tax wasn't withheld since I haven't submitted W8BEN yet.
I received 1099-DIV. I know that I need to enter the income in schedule NEC of form 1040NR, and I know the tax rate from the tax treaty.
My question: form 1099-DIV shows that foreign tax of more than $300 was withheld. Can I get a foreign tax credit or deduction? If so, in which form do I enter this?
Thank you.
I received 1099-DIV. I know that I need to enter the income in schedule NEC of form 1040NR, and I know the tax rate from the tax treaty.
My question: form 1099-DIV shows that foreign tax of more than $300 was withheld. Can I get a foreign tax credit or deduction? If so, in which form do I enter this?
Thank you.
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March 13, 2021
4:03 AM