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RE Foreign tax pain on dividends from foreign funds - what is a RIC

IRS description is vague on this topic, so please advise:

regarding foreign tax pain on foreign securities - when these stocks are held and managed by say Raymond James or Goldman as part of a managed portfolio can RJ or Goldman be considered RICs?

I need to know if within Turbotax can I report them as a lump under the RIC option, or do I need to itemize them? Either way they get reported, but it would be much easier to lump it.

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RE Foreign tax pain on dividends from foreign funds - what is a RIC

Yes, for Foreign Tax Paid from an investment account, you can enter them as a total for country 'RIC', as well as the amount of dividends received.

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

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