I am wanting to receive credit for foreign sourced income from dividends, k-1 partnerships and mutual funds.
I was wondering whether I needed to list these in separate columns on Form 1116 since the mutual funds would list as RIC. Is there a designation for k-1 income? It would be impractical to do separate sheets for each country as these would be about 50.
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The IRS wants each country to occupy one column on form 1116. Mutual funds being RIC would occupy one column, K-1's that are passive and have the same name as a country with dividends will occupy the same column.
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