564404
My brokerage account is in EUR in France.
I don't get a 1099-DIV.
1) Do I report the dividends on the "Dividends on 1099-DIV" section?
I looked at this section but it asks for the boxes on the 1099-DIV which I don't have.
2) As for converting EUR to USD.
a) Should I convert the amounts using the exchange rate at the date I received the dividend or the exchange rate at the end of the year?
b) What service should I use to get the exchange rate?
Thanks
You'll need to sign in or create an account to connect with an expert.
1. Yes - please use the data entry as if you received Form 1099-DIV
2. a - use the exchange rate when you receive the dividend (or for foreign tax paid, if any, use the rate when you pay/accrue the tax)
2. b - please use the following link; scroll down...it lists government sources as well as outside sources for exchange rates:
https://www.irs.gov/Individuals/International-Taxpayers/Foreign-Currency-and-Currency-Exchange-Rates
Additional information, if you'd like:
https://www.irs.gov/Individuals/International-Taxpayers/Yearly-Average-Currency-Exchange-Rates
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
reg7040
Level 1
puneetsharma
New Member
naejay32
New Member
kduckles
New Member
powell2
Level 2