topic Re: Consolidated 1099 in Get your taxes done using TurboTax

Consolidated 1099

Sorakairi89 — Mon, 09 Mar 2026 08:45:34 GMT

Where would foreign income be reported on a consolidated 1099?

Re: Consolidated 1099

DaveF1006 — Tue, 08 Mar 2022 23:13:08 GMT

It depends. Usually on a 1099 DIV or INT, the foreign percentage of the income reported on those forms is disclosed in a supplementary disclosure form or listed on the 1099 Composite. If not listed, you will need to contact your broker to get the necessary information.

Re: Consolidated 1099

Sorakairi89 — Tue, 08 Mar 2022 23:46:27 GMT

Is it usually grouped together with the total regular dividends on a 1099-Div line one and two?

If it is, does it need to be reported as an exact amount being foreign income to seperate it?

Re: Consolidated 1099

ThomasM125 — Wed, 09 Mar 2022 00:29:33 GMT

Your foreign income is normally included in the box 1(a) ,1(b) or 2(a) entries. The only time you would need to report it as an exact amount is to apply for a foreign tax credit. You would not need to do that, however, if the total of your foreign taxes were less then $300 ($600 if joint return) as the credit would be automatic.

Otherwise, you would need to apply for a foreign tax credit in the Deductions and Credits section of TurboTax, then Estimates and Other Taxes Paid, then Foreign Taxes. In that case, you would need to enter your foreign income.