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Level 5
posted Apr 7, 2024 5:47:21 AM

Form 1116 - when to use RIC

I have a k-1 from an investment fund with foreign source income (dividends, interest, and other income) reported to me from 10 countries on k-3.  Do I need to enter income separately for each of the ten countries or can I combine the income for all the countries and enter the total once using RIC as the country?

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