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Deductions & credits
Schwab 1099 statements do a pretty bad job of clearly stating the Foreign dividend amounts in their statements. You can find the total foreign dividends paid towards the end of the Schwab 1099-COMP, but in order for you to get the Foreign qualified dividends portion, you will have to total it up on your own by going to the qualified dividend details, also within the 1099-COMP document.
Additionally, instead of listing out each foreign country, you can choose "RIC" as your country. RIC stands for Regulated Investment Company, meaning that the foreign taxes were paid through a brokerage or investment account. This will save you time and it'll simplify the foreign tax credit section of your return.
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2 weeks ago