You'll need to sign in or create an account to connect with an expert.
To report foreign dividend or interest income, enter the information as though you had received a Form 1099-DIV, but leave off the Payer's Federal Identification Number.
Note that if the income is reported to you in foreign currency figures you would use the exchange rate on the last day of the year when converting the foreign figures.
On the T3: box 49 is dividends; box 50 is taxable dividends; box 51 is dividend credit. The US does not have a dividend credit and ordinary dividends are basically taxable dividends.
Here are the steps:
To report foreign dividend or interest income, enter the information as though you had received a Form 1099-DIV, but leave off the Payer's Federal Identification Number.
Note that if the income is reported to you in foreign currency figures you would use the exchange rate on the last day of the year when converting the foreign figures.
On the T3: box 49 is dividends; box 50 is taxable dividends; box 51 is dividend credit. The US does not have a dividend credit and ordinary dividends are basically taxable dividends.
Here are the steps:
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
atnowjw
New Member
palbert1
Level 2
amariemom32010
New Member
run2winmom
Returning Member
Sedutra
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.