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

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? 

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1 Best answer

Accepted Solutions
JulieR
Expert Alumni

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

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.

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3 Replies
JulieR
Expert Alumni

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

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.

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

Amazing almost instant and accurate answer! Thank you!
Bobs77
Returning Member

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

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

 

 

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