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Gross Foreign Dividends

I have Gross Foreign Dividends listed my Supplemental information on my 1099.  Do I need to report these?  If so, where do I report them?

 

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MarilynG1
Expert Alumni

Gross Foreign Dividends

If you want to take a Foreign Tax Credit for the Foreign Tax you paid, shown on your 1099-DIV, here's how to do that:

 

Choose the Foreign Taxes option under Estimates and Other Taxes Paid, in the Deductions and Credits section of TurboTax:

 

 

Indicate that you have already entered your 1099 forms with foreign taxes paid. Choose the foreign tax credit option in place of the deduction. Choose the passive income option if your income is non-business or non-employment related income. Assign a country ('RIC', for Regulated Investment Company), for your income and report the foreign income amount.  If there are several countries/amounts, you can enter this is a total for your Foreign Income. 

 

If you don't want to take the credit, just enter the info from your 1099-Div as shown. 

 

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