Foreign Assets

[LinaJ2020]

What is your question?

[qf419700]

Sorry for the blank screen earlier.  

Turbo Tax is not clear to me regarding how to handle foreign source income.  I have  2 mutual funds  and 4 stocks  purchased and held in an American brokerage company.  These are not in foreign banks or in trusts. 

Turbo Tax tries to define foreign assets and it appears that I am not subject to define my assets as foreign but further  questions about the subject confuse the issue. The income from these investments total about $3,464 and my 1099-div shows a foreign tax paid of $248.

Do I have to consider this foreign income further?

[DavidD66 · Accepted solution]

No, you don't need to consider it further. Just enter your 1099-DIV/INT/B.  If asked for a country where foreign tax was paid, use "various".