Downloaded my brokerage statement. On 1099DIV I had Germany Income from 2 companies : Daimler Truck Hldg & Mercedes-Benz Group (respectively $510.58 & $2992.35) for a total of $3502.93
FRom the same brokerage was a 1099 INT for CD Interest for State bank of India. Total Int $409.87 No foreign taxes paid.
Plan to file form 1116 to apply taxes paid to my tax due on the 1040. On my 1040DIV worksheet, I need to correct errors. So I will list total foreign income at $3912.80 Qualified is $3502.93. As you can tell, the difference is the CD interest from India.
For the time being on form 1116 line 7B I linked the form. Then on line 7C I checked Box A
Now lets go to line 8. They want to have listed the country. Since I have Germany and India, I think I need to click RIC. IS THIS CORRECT? Do I have to show Germany in A and then India in B --How to do this?
Then there is a subline that asks if its a mutual fund (GERMANY IS NOT -STOCK DIVIDEND) OR a regulated investment company. I dont know if I need to check this box or not? Germany is stock Dividend and India was CD interest
Hoping someone can easily help clarify how to mark these boxes. Keep in mind Germany is Dividend and India is Interest - all on the same brokerage 1099.
