MarilynG1
Expert Alumni

Deductions & credits

You can associate the Foreign Tax paid on a 1099-Div with multiple countries by choosing 'RIC' (Regulated Investment Company) as the Country.

 

For a second 1099-DIV, do the same.

 

If your Canadian income/tax is not associated with a 1099-Div or 1099-Int (a pension, for example), then choose 'Passive Income' and the country Canada.  You'll have a 1116 for RIC and for Canada.

 

Here's more info on Claiming the Foreign Tax Credit.

 

@rccall

 

 


 

 

 

 

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