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MarilynG1
Expert Alumni

When I enter multiple foreign countries for foreign tax credit, TT then only allows me to enter income for one country, not all. Am I missing something?

If all your foreign income/tax originates from a 1099-DIV, use one country 'RIC' (Regulated Investment Company) for the total income and tax amounts. If you have multiple 1099-DIVs with Foreign Tax, you can make another entry of country 'RIC' for each one. 

 

The amount of Foreign Income that's included in your total dividend should be outlined in the Supplemental info from your broker.  If they list the amount from each country, add those up.  The total should not be more than the total dividends received on that 1099-DIV. 

 

Sometimes the broker lists a % instead of an amount, in which case you have to do the math to get the amount of foreign dividend income.

 

Don't alter the original 1099-DIV entry.  For calculating your credit, its the total foreign income and total foreign tax paid that matters. 

 

Here's more info on Claiming the Foreign Tax Credit.  

 

@Al C Al 

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