The IRS generally allows you to aggregate foreign income under specific labels to avoid listing every single country, especially when it comes from managed accounts or mutual funds.
- For the 8 RICs: You do not need to list the individual countries inside those funds. When TT asks for the country, select "RIC" (it is usually at the top or bottom of the alphabetized country list). You can group all 8 RIC dividends and their taxes into one entry under the "RIC" country designation.
- For the 19 Countries: If these are individual stocks (not funds), the most efficient way to bypass the "1116 hung up" error is to use the "Various" country designation. Some believe you must list every country for individual stocks. While technically the IRS likes detail, in a consolidated brokerage setting, aggregating them under "Various" is a widely accepted practice for passive dividend income to make the math on Form 1116 work.
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