My merrill Lynch Statement showed that of the total dividend I received $6880 was Foreign Dividend. Do I need to treat this differently from ordinary dividend?Wash Sale Loss not Allowed

[MiriamF]

The only difference in the way foreign dividends and domestic dividends are treated is that you can get a tax credit for any foreign taxes you have paid.

"Wash sales" does not apply, since dividends represent your share of the earnings of the corporation, not a sale.

Check for foreign tax credit on line 48 of Form 1040 after you have entered your 1099-B. If that line is blank, you may need to call up Form 1116 (type "foreign taxes" in the Search box). You will have the choice of claiming a deduction or a credit. For most people, the credit is more valuable, since it reduces your taxes dollar for dollar. If all of your foreign taxes are from your investments, you won't need to fill out details about the amount of income that generated this tax.