This answers provided so far are not helpful, or perhaps leave too much unsaid.
This is a foreign dividends question.
I have a 1099 from a Brokerage Firm. Part of my dividends are from foreign stocks, both registered in the UK. The UK does not withhold taxes on the dividends, due (I believe) to a treaty with the US. On my 1099, the foreign dividends are mixed with dividends from US (domestic) stocks, so I get only one number. Yet, I suspect I am supposed to report to the IRS the portion of these 1099 dividends that come from foreign sources.
So question 1: Do I need to tell the US govt how much of the dividends are from foreign sources?
Question 2: If 1 is Yes, then how/where do I do this.
Question 3: If 1 is Yes, where - on which form - do I tell the IRS which country the dividends came from?
Since the UK did not withhold any taxes on the dividends, there were no foreign taxes paid, and therefore it appears to me that a Form 1116 is not necessary and is not appropriate.
Question 4: Can someone confirm whether this is correct.
