If you are a US citizen or resident, you will report all worldwide income on your US tax return in USD.
You
will enter this as dividend income (in USD) as if you received a 1099-DIV.
To enter this dividend income in TurboTax
Online or Desktop, please follow these steps:
- Once
you are in your tax return, click on the “Federal Taxes” tab ("Personal"
tab in TurboTax Home & Business)
- Next click on “Wages &
Income”
("Personal Income" in TurboTax Home & Business)
- Next click on “I’ll choose
what I work on” (jump to full list)
- Scroll down the screen until
to come to the section “Interest and Dividends”
- Choose “ Dividends
on 1099-DIV” and
select “start’
- Select "I'll type it in
myself"
- Enter the name of the
brokerage firm and the amount (in USD) in box 1a (If qualified
dividends also include this amount in box 1b.)
- Check the box "My form
has info in more than just box 1 (this is uncommon)".
- Enter any Federal income
taxes withheld in box 4
- Enter any Foreign taxes paid in box 6 (screenshot)
