topic My 1099-DIV has foreign tax paid in Box 7 and Box 8 is various. Transaction details do not indicate a country. Can I claim tax credit if no country identified? in Deductions & credits

My 1099-DIV has foreign tax paid in Box 7 and Box 8 is various. Transaction details do not indicate a country. Can I claim tax credit if no country identified?

bjrun4282 — Sat, 01 Jun 2019 15:39:08 GMT

Yes you just identify the country as "Various" just the s...

gamonty — Sat, 01 Jun 2019 15:39:10 GMT

Yes you just identify the country as "Various" just the same as box 8. You should get the full credit.

Re: Yes you just identify the country as "Various" just the s...

Gr8Cook — Fri, 28 Feb 2020 17:30:05 GMT

Running into a related problem w/ TY 2019 filing. Turbo Tax won't accept "various" in Box 8 (country) tho that is what my Broker indicated on my Supplemental Tax Statement. Turbo won't let me file electronically because of it. What did I do wrong? Thanks for any assistance! Mary

Re: My 1099-DIV has foreign tax paid in Box 7 and Box 8 is various. Transaction details do not in...

DavidS127 — Fri, 28 Feb 2020 19:37:53 GMT

In the section where you enter the 1099-DIV, a couple of screens after the "numbers boxes", you get a question to "Tell us about your foreign dividends". On that screen you enter the amount of foreign dividends received, and designate whether they are from a "Mutual Fund/Regulated Investment Company (RIC)" or instead from an "Other source". If you select "Other source", you get a box 8 drop-down and the fourth item on that drop-down list is Various. Note that if the dividends were from a mutual fund or RIC, you don't have to enter a country.

If that doesn't work because of the need to file Form 1116 and populate a specific country, the details of your dividends transactions for the year should show the source country for each dividend that incurred foreign taxes.