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New Member

foreign dividend/income

I received 1099-div  I have total in box 1a and 1b for dividends; then in box 7 total foreign tax paid.  No other info.  How do I find foreign income?  Is it total in box 1a or 1b?


2 Replies
Expert Alumni

foreign dividend/income

Please see this answer from macuser.


If the 1099-DIV has a box 7 foreign tax then you should enter the portion of box 1 that generated the foreign tax.  Often that will be the box 1 amount if all the foreign tax came from the same source but in the case of some mutual funds only a portion of box 1 will be what generated the foreign tax. Most brokers list the foreign tax and  the source of that tax somewhere in the composite statements that they send.  

New Member

foreign dividend/income

Further question, does this mean that since the foreign income in the brokerage statement doesn't match 1099DIV lines 1a and 1b that I subtract them from lines 1a and 1b and report instead under foreign income earned?

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