Report Foreign income from stocks

[yatoshura]

I have some foreign stocks in my Robinhood portfolio that distributed some qualified and nonqualified dividends in 2024, about $50 total. Robinhood also provided a summary form with these dividends,  but not a 1099 form.

How do I report these dividends?

[DaveF1006]

I believe you may have received a 1099 DIV that had a Foreign Tax reported in Box7. Robinhood is giving you this information so you can claim the Foreign Tax Credit for this year.

If this is the case, you will receive a screen that asks for this information that follows the 1099 DIV information.. Here you will record the amount of Foreign Dividend and the country where the foreign dividend originated from.

[yatoshura]

@DaveF1006 

Box 7 on my 1099 DIV from Robinhood shows $0. However, Box 1a amount seems to include all the foreign dividends as well. 

Does this mean that I just need to report 1099 DIV as usual and do not need to report the foreign dividends separately?

[DaveF1006]

Yes, this is correct because there is no foreign tax paid thus you don't need to report the foreign dividends separately.

@yatoshura