When identifying foreign dividends, buy country I need to select both RIC and other countries. But TTax only allows me to pick either RIC or the other countries?

[DavidD66 · Accepted solution]

When claiming a Foreign Tax Credit (Form 1116) for dividends from multiple countries you must enter the foreign income and taxes separately for each country.  This is becaue each country requires a separate calculation.  To do this in TurboTax requires creating a separate 1099-DIV entry for each country to correctly allocate the foreign source income and tax paid.  

if your total creditable foreign taxes are $300 or less  ($600 for MFJ) Form 1116 isn't required to be filed.  Therefore, you can include all your foreign tax in a single entry (e.g. RIC).  To qualify for this exemption, all foreign income must be passive (e.g., interest/dividends) and reported on a tax reporting form/schedule such as Form 1099 or Schedule K-1

[tax-mole]

Thank you.