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?
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:
Additional information, if you'd like:
2- The government sources don't have rates per day. Only per quarters from what I can see.
It looks like there is not a strict rule to follow in terms of where to get the rates so I just use whatever service I want? Do I have to report this information somewhere?
*The corporation is incorporated in a U.S. possession.
*The corporation is eligible for the benefits of a comprehensive income tax treaty with the United States that the Treasury Department determines is satisfactory for this purpose and that includes an exchange of information program. For a list of those treaties, see Table 8-1.
*The corporation does not meet (1) or (2) above, but the stock for which the dividend is paid is readily tradable on an established securities market in the United States. <a rel="nofollow" target="_blank" href="https://www.irs.gov/publications/p17/ch08.html">https://www.irs.gov/publications/p17/ch08.html</a> - the link also lists nonqualified dividends.