@CB1946 is it a State Street fund by any chance? They definitely have errors in the data on their website for the qualified percentage. (see the "ICI Tax Summary" spreadsheets near the bottom of https://www.ssga.com/us/en/individual) For a clean example of the problem, if you look at SPDW they show 71.76% of Box 1A income is foreign, and 0% of Box 1A is qualified, therefore 71.76% of Box 1A must be non-qualified. But it can't possibly be that high, because we know that Box 1B is 55.82% of Box 1A, which caps non-qualified at only 44.18%. The math is broken in exactly the way your original post described. The other big companies I looked at including Vanguard, Blackrock, ProShares and Franklin Templeton all publish non-zero values for their foreign qualified dividend percentages, even for funds that are very similar to State Street's. So if your fund is State Street, I'd push them harder to provide correct data, otherwise you'll end up overstating your foreign source income on line 1a of your 1116, which could result in you claiming a foreign tax credit that is higher than you are entitled to. If you aren't with State Street... um... I guess I just wasted a couple of hours trying to figure this out!
