topic Can you tell me how to handle foreign dividends when my 1099-DIVs do not show the portion of the dividends from a foreign country or U.S. possession? in Deductions & credits

Can you tell me how to handle foreign dividends when my 1099-DIVs do not show the portion of the dividends from a foreign country or U.S. possession?

fjkeimel — Mon, 09 Mar 2026 09:23:41 GMT

Re: Can you tell me how to handle foreign dividends when my 1099-DIVs do not show the portion of ...

DaveF1006 — Tue, 01 Mar 2022 20:04:44 GMT

Yes, within your 1099-DIV disclosure statements, there should be a foreign source percentage listed and Foreign Source Qualified Dividend Percentage. It may be listed in a table that have both percentages listed for each country the fund invests in.

To determine the amount of foreign source dividend amounts, you need to multiply Box 1A & 1B by the percentage amount to get the amount of the foreign dividends that are paid.

Re: Can you tell me how to handle foreign dividends when my 1099-DIVs do not show the portion of ...

fjkeimel — Fri, 04 Mar 2022 15:18:32 GMT

Answer did not help.

Re: Can you tell me how to handle foreign dividends when my 1099-DIVs do not show the portion of ...

DaveF1006 — Fri, 04 Mar 2022 23:40:22 GMT

If you do not know what portion of your 1099 DIV amounts are foreign and if you do not have any documentation stating what amount is your foreign dividend amount is, or the percentage for determining it, you need to contact your broker to get that information.

Keep in mind, if your foreign tax credit that you are trying to claim is $300 or less ($600 if married filing jointly), you do not need Form 1116 thus you do not need to separate out the foreign dividend amount. If however you had a foreign tax carryforward from the previous year, then you need the Form 1116 thus need to report the foreign dividend amount.

Hope this helps.

@fjkeimel