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Deductions & credits
Yes, if you are reporting Foreign Tax Paid on a 1099-DIV or 1099-INT, choose 'RIC' as the country (Regulated Investment Company), and enter the total amount of Foreign Tax and the total amount of Foreign Income on each form you receive.
It's not necessary to enter each individual country's income/tax paid on this passive category income on the same form.
Only if you earned income or had business or rental activity in a foreign country would you need to do this.
Here's more info on Claiming the Foreign Tax Credit.
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March 12, 2024
3:14 PM