DaveF1006
Expert Alumni

Deductions & credits

You will report foreign dividends as if you received a 1099INT or a 1099DIV.

  1. Enter the information on the 1099DIV form.  Check  the the box where it says My form has info in other boxes (this is uncommon). Enter $1 of foreign tax paid in Box 7.
  2. As you move through the screens, you will reach a screen where the program will ask you to report your foreign dividends earned. here you will enter the amount of foreign dividend income.
  3. Since there were no foreign taxes paid, you do not need to file a Form 1116.
  4. it is not necessary to report the country where your dividends were earned from. 

 

 

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