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mdabate3
New Member

I own Canadian stock that I receive dividends from. I cannot select the "Foreign Country" Drop down on the 1099-DIV Worksheet when finalizing. It demands a Zip Code...

Canadian Zip Codes have letters, and "ON" (Ontario) is not valid for "State field either, as the form is assuming address is USA. I have not figured out how to adjust this information manually - Turbo Tax INSISTS it knows best, but clearly lacks this basic info. Cannot remember how I got it to work last year, but that "auto import" feature has never worked for my investments.
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1 Best answer

Accepted Solutions
ErnieS0
Expert Alumni

I own Canadian stock that I receive dividends from. I cannot select the "Foreign Country" Drop down on the 1099-DIV Worksheet when finalizing. It demands a Zip Code...

The IRS does not require a zip code. You can try entering a dummy or delete the 1099-DIV into and type it in yourself.

 

  1. Type dividends in Search in the top right
  2. Click Jump to dividends
  3. Say YES to Did you receive any dividend income?
  4. Continue on Get ready to be impressed 
  5. On Let’s import your tax info, click Change how I enter my form
  6. Click Add another 1099-DIV
  7. On the screen Let's import your tax info, go to the bottom and select Change how I enter my form
  8. On How do you want to add your 1099‑DIV? choose Type it in myself
  9. On Let’s get the info from your 1099-DIV enter your dividends and capital gains if applicable
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3 Replies
ErnieS0
Expert Alumni

I own Canadian stock that I receive dividends from. I cannot select the "Foreign Country" Drop down on the 1099-DIV Worksheet when finalizing. It demands a Zip Code...

The IRS does not require a zip code. You can try entering a dummy or delete the 1099-DIV into and type it in yourself.

 

  1. Type dividends in Search in the top right
  2. Click Jump to dividends
  3. Say YES to Did you receive any dividend income?
  4. Continue on Get ready to be impressed 
  5. On Let’s import your tax info, click Change how I enter my form
  6. Click Add another 1099-DIV
  7. On the screen Let's import your tax info, go to the bottom and select Change how I enter my form
  8. On How do you want to add your 1099‑DIV? choose Type it in myself
  9. On Let’s get the info from your 1099-DIV enter your dividends and capital gains if applicable
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

I own Canadian stock that I receive dividends from. I cannot select the "Foreign Country" Drop down on the 1099-DIV Worksheet when finalizing. It demands a Zip Code...

I’m having the same issue when doing 2024 taxes. I don’t remember having this issue last year.

DaveF1006
Expert Alumni

I own Canadian stock that I receive dividends from. I cannot select the "Foreign Country" Drop down on the 1099-DIV Worksheet when finalizing. It demands a Zip Code...

Here are the steps to take to report Dividend income:

 

1. Open turbo tax
2. Income or wages and income in Desktop
3. Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto) Interest and Dividends if in Turbo Tax desktop
4. Select 1099 DIV
5 .Once you get to the 1099 DIV form, enter all information and 
    then  enter the amount of Foreign Tax paid on those 
    dividends in Box 7. 

6. Then a screen will follow asking you the amount of foreign 
     dividend. If it is strictly Canadian, it will be the full amount.
7. Then it asks, these foreign dividends are from other source. 
    You will select that and then a drop down will appear where 
    you can select Canada.

 

 

How to report Dividend income:

1. Open turbo tax
2. Income or wages and income in Desktop
3. Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto) Interest and Dividends if in Turbo tx desktop
4.Select 1099 DIV
5.Once you get to the 1099 DIV form, enter all information and then enter the amount of Foreign Tax paid on those 
  dividends in Box 7. 
6.Then a screen will follow asking you the amount of foreign 
   dividend. If it is strictly Canadian, it will be the full amount.
7. Then it asks, these foreign dividends are from other source. You will select that and then a drop down will appear where 
    you can select Canada.  Here is what the screen looks like illustrating this.

 




 

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**Mark the post that answers your question by clicking on "Mark as Best Answer"
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