rccall
Returning Member

Deductions & credits

Hello Marilyn,

 

Thank you for the reply, but I'm afraid I need further clarification.

 

It's my understanding that RIC is used for income from mutual funds, ETFs, and the like.

 

I am trying to record, for one 1099, income that comes from a particular country (Canada) as well as income from RICs.

 

Am I incorrect in thinking I need to report the Canada income as Canada income (and not as RIC) ?