AmyC
Expert Alumni

Deductions & credits

You must have foreign tax paid on your tax form. There should be a detail page which lists the foreign dividends -with  a percentage amount. It could be just one line in the stack of forms or it may have a list of countries. 

 

If this is a regulated investment company, you can elect RIC on the foreign tax credit. Otherwise, you need the countries to claim the foreign tax credit.

For Example: Brazil 1.3%

This lets you know that 1.3% of you investment is in Brazil. 

Or, your paperwork may just say foreign because the company is investing only in countries allowed for the foreign credit

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