DaveF1006
Employee Tax Expert

Deductions & credits

 If you are trying to determine the foreign sourced income amount from your qualified dividends that are reported on the 1099 DIV, this IRS article is a handy guide for determining the amount of qualified dividends that are foreign-sourced.  With the small amount of foreign tax that was paid, I would recommend placing a 0 for foreign sourced income, as the article suggests.

 

If you are looking for the foreign source income, it may be disclosed in a statement that came with the 1099 DIV but if not, use the suggestion that the IRS made in iits article as well as my own suggestion.  With that amount of foreign tax, I would suspect that the foreign sourced income is taxed at 0%. 

 

The foreign tax paid will be put into Box 7 of the 1099 DIV form and the correct form is Form 1116

 

@jtb5 

 

 

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