topic How do I determine the foreign source amount income from dividends? in Deductions & credits

How do I determine the foreign source amount income from dividends?

Periwinkle65 — Sat, 01 Jun 2019 15:06:05 GMT

I am wanting to use Form 1116 to report foreign taxes paid on several stocks. Thus, I need to fill in the foreign source income amount on the worksheet. My brokerage 1099 only includes the tax paid. How do I determine the foreign source amount from the dividends of each company?

There is usually a page included in the Consolidated 1099...

JulieR — Sat, 01 Jun 2019 15:06:07 GMT

There is usually a page included in the Consolidated 1099 package that provides supplemental information about the source of foreign dividend income. If you did not receive such a statement, contact your brokerage and ask them to provide that information to you.

Amazing almost instant and accurate answer! Thank you!

Periwinkle65 — Sat, 01 Jun 2019 15:06:08 GMT

Amazing almost instant and accurate answer! Thank you!

Re: There is usually a page included in the Consolidated 1099...

Bobs77 — Wed, 10 Mar 2021 13:17:46 GMT

On my supplemental page it shows three different percentages I'm not sure which is the one to use to calculate the actual percentage AB dividend that are actually foreign