- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Foreign Tax Credit: Portion of Dividends and Distributions that was from a Foreign Country
I have some international index funds and ETFs where the 1099-Divs includes foreign taxes paid.
The investment companies either include supplemental information on 1099-Divs and/or have PDFs on their sites that show foreign source income percentages - typically about 80-98% for each investment.
When reviewing imported 1099-Div info in TurboTax (premier) and it asks for "portion of dividends and distributions that was from a foreign country" ... (I'll be completing Form 1116)
Do I multiply each international funds total dividend by its respective percentage and enter that number(s)?
Thanks,
Topics:
‎February 25, 2022
3:38 PM