Foreign Tax Credit: Portion of Dividends and Distributions that was from a Foreign Country

trhao — Mon, 09 Mar 2026 04:55:16 GMT

I have some international index funds and ETFs where the 1099-Divs includes foreign taxes paid.

The investment companies either include supplemental information on 1099-Divs and/or have PDFs on their sites that show foreign source income percentages - typically about 80-98% for each investment.

When reviewing imported 1099-Div info in TurboTax (premier) and it asks for "portion of dividends and distributions that was from a foreign country" ... (I'll be completing Form 1116)

Do I multiply each international funds total dividend by its respective percentage and enter that number(s)?

Thanks,

Re: Foreign Tax Credit: Portion of Dividends and Distributions that was from a Foreign Country

LoganathanB — Sat, 26 Feb 2022 21:47:44 GMT

Yes, you will multiply each international fund's total dividend by its respective percentages and enter them in Form 1116.

topic Foreign Tax Credit: Portion of Dividends and Distributions that was from a Foreign Country in Investors & landlords

Foreign Tax Credit: Portion of Dividends and Distributions that was from a Foreign Country

Re: Foreign Tax Credit: Portion of Dividends and Distributions that was from a Foreign Country