I have an account comprised entirely of mutual funds. Foreign taxes were paid. There is no entry in the yearly reporting statement to indicate the basis for those taxes. Turbo Tax (Form1116), is looking for an entry. How do I handle this situation?
My frustration is compounded by having a stock fund which includes a foreign owned company (Royal Dutch Shell), which also has foreign taxes paid, but I was able to pull out the exact amount of income from that equity using my yearly statement which lists each stock and the amount of dividend paid. No such luck with with the mutual fund account..
I very well could have missed the solution reading Pub 551, but I'm hoping someone else had this problem and has a solution.
