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bjrun4282
New Member

My 1099-DIV has foreign tax paid in Box 7 and Box 8 is various. Transaction details do not indicate a country. Can I claim tax credit if no country identified?

 
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3 Replies

My 1099-DIV has foreign tax paid in Box 7 and Box 8 is various. Transaction details do not indicate a country. Can I claim tax credit if no country identified?

Yes you just identify the country as "Various" just the same as box 8.  You should get the full credit.
Gr8Cook
New Member

My 1099-DIV has foreign tax paid in Box 7 and Box 8 is various. Transaction details do not indicate a country. Can I claim tax credit if no country identified?

Running into a related problem w/  TY 2019 filing. Turbo Tax won't accept "various" in Box 8 (country) tho that is what my Broker indicated on my Supplemental Tax Statement.  Turbo won't let me file electronically because of it.  What did I do wrong?  Thanks for any assistance!  Mary

DavidS127
Expert Alumni

My 1099-DIV has foreign tax paid in Box 7 and Box 8 is various. Transaction details do not indicate a country. Can I claim tax credit if no country identified?

In the section where you enter the 1099-DIV, a couple of screens after the "numbers boxes", you get a question to "Tell us about your foreign dividends".  On that screen you enter the amount of foreign dividends received, and designate whether they are from a "Mutual Fund/Regulated Investment Company (RIC)" or instead from an "Other source".  If you select "Other source", you get a box 8 drop-down and the fourth item on that drop-down list is Various.  Note that if the dividends were from a mutual fund or RIC, you don't have to enter a country.

 

If that doesn't work because of the need to file Form 1116 and populate a specific country, the details of your dividends transactions for the year should show the source country for each dividend that incurred foreign taxes.

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