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CPS617NyJ
Returning Member

Foreign Dividends and Tax: How much income from foreign countries?

I'm trying to report the amount of foreign dividend income and I cannot find that  number or calculation anywhere. 

 

This is the advice that TT suggests at this section:


"The amount of the foreign dividend received is not specifically listed on Form 1099-DIV. To determine the portion of Box 1a that is foreign dividends, look at the paperwork provided by the dividend payer. It should list a foreign amount or a foreign source percentage you can use to calculate the portion that is from a foreign country."

 

I have contacted my payer, which is Merrill Lynch, and they redirected me back to TT.  Does anyone know how I can calculated this number?

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2 Replies

Foreign Dividends and Tax: How much income from foreign countries?

Go to your account at the issuer's website and in addition to the 1099-DIV, look for a "statement of additional information" or a "consolidated 1099" or similarly titled document which you can download.  That document will provide the additional info needed.

DavidD66
Employee Tax Expert

Foreign Dividends and Tax: How much income from foreign countries?

That information would have been included in the year-end tax package that Merrill Lynch mailed to you.  As rogge1722 said, it will be in the "additional information".

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