Missing Foreign Source Amount

[Teddy4eva]

I'm being prompted to fill in Foreign Source Amount. After reading posts I see in my supplemental pages the Foreign Income and Taxes Summary. Is it the Total Foreign Income amount I am supposed to enter?  Or is it the Nonqualified and Qualified dividend totals it is looking for?    The note at bottom of the page says "Total Foreign Source Income utilizes the "Total" column for RICs which may not always be supplied."    Not very helpful....

[ErnieS0]

It’s difficult to give answer your question without seeing your statement. Total foreign income should equal total foreign dividends paid (unless you have other foreign income on your statement).

The amount of foreign income should line up with the foreign tax paid. So if you are claiming a foreign tax credit on dividends, the foreign income will be the dividends that were taxed. Most supplemental pages will have a line for each dividend paid and the corresponding tax.

You can total those up to see whether that matches with your Total Foreign Income and Taxes Summary.

[Teddy4eva]

Thanks for your reply.  Looks like it is the Total Foreign Income amount.  I don't know how to attach/link my statement file to this reply.  Would help if it is called that in TT rather than Foreign Source Amount or have it pulled automatically off of the statement. 

[Niemo]

I had the same problem and scoured the tax statements trying to find anything resembling the TurboTax language with no success. However, when I reviewed the dividend detail pages of my statements for the word "foreign tax withheld," I was able to locate specific securities within the detailed holdings pages where the foreign taxes were listed. From there, I made the assumption that the total dividends listed (right near the total foreign tax withheld row) from the same securities that had foreign tax withheld, likely represented the foreign income amount. So, I entered those figures in the needed fields in TurboTax. Hopefully it's close enough.

[AmyC]

That sounds good, The foreign tax paid relates to the dividends earned which is based on the investment amount. Sometimes, the forms will list a percentage. On the bright side, you have the paperwork and know where to look, if the IRS asks.

@Niemo