Not all foreign dividends are qualified. In order for a foreign dividend to be qualified, it has to meet certain threshold requirements to assess whether it meets the minimum basic requirements for qualified dividend status. In order to be considered “qualified”, dividends received must meet three conditions:
- The dividends must have been paid by a U.S. corporation or a qualified foreign corporation.
- The dividends are not of those listed under “Dividends that are not qualified dividends”.
- The holding period requirement is met.
Normally, the amount of foreign dividends are reported in a "statement of additional information" that is included in the 1099-DIV supplemental information. It should list a foreign amount or a foreign source percentage you can use to calculate the portion that is from a foreign country.
If you have a Foreign Tax Summary that specifically lists the amount of Foreign Dividends to report, then you may use that amount. If the amounts differ, use the amount that is reported in the statement of additional information.
See the link below on how to enter Foreign Dividend:
Foreign Dividend
Also, review IS Instructions below for additional Information:
Foreign Tax Credit
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