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How can I report dividends received in a foreign account so they show up on Schedule B? There is no 1099-DIV.

The dividends come from individual foreign companies.
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1 Best answer

Accepted Solutions
LeticiaF1
Employee Tax Expert

How can I report dividends received in a foreign account so they show up on Schedule B? There is no 1099-DIV.

Even if you do not have a 1099-DIV, you will need to enter your foreign dividends as if you had one.  To enter it in TurboTax:

 

  1. Go to the Did you have investment income? screen under Wages & Income
  2. Select Yes
  3. Select +Add investments if you arrive at one of these screens:
  4. Let’s finish pulling in your investment income
  5. Select Enter a different way, and select Type it in myself to manually enter the iFollow the on-screen instructions to enter the info from your 1099-DIV.
  6. At the bottom of the page, click the box for My form has info in other boxes (this is uncommon).
  7. This will bring up a new set of boxes.
  8. Post foreign taxes in Box 7

Where do I enter the foreign tax credit (Form 1116) or deduction?

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1 Reply
LeticiaF1
Employee Tax Expert

How can I report dividends received in a foreign account so they show up on Schedule B? There is no 1099-DIV.

Even if you do not have a 1099-DIV, you will need to enter your foreign dividends as if you had one.  To enter it in TurboTax:

 

  1. Go to the Did you have investment income? screen under Wages & Income
  2. Select Yes
  3. Select +Add investments if you arrive at one of these screens:
  4. Let’s finish pulling in your investment income
  5. Select Enter a different way, and select Type it in myself to manually enter the iFollow the on-screen instructions to enter the info from your 1099-DIV.
  6. At the bottom of the page, click the box for My form has info in other boxes (this is uncommon).
  7. This will bring up a new set of boxes.
  8. Post foreign taxes in Box 7

Where do I enter the foreign tax credit (Form 1116) or deduction?

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