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Level 2
posted Jul 10, 2020 12:29:08 AM

Should Foreign Dividends source selection be RIC or Other Source?

In the Personal Income section where it asks to Report Foreign Dividends, it also asks to select whether the dividends are from MutualFunds/RICs or from another source. Most of my foreign dividends are RICs and about 2% are Equity & Bonds. I know equities are mutual funds but I am not sure if bonds could be classified as same.  Can I still check the "from Mutual Fund/RIC" box or should I select the "from another source" box?

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1 Replies
Expert Alumni
Jul 12, 2020 3:00:40 PM

I would select RICs, but you can also choose "Various" if you prefer.  Either will result in a correctly prepared tax return.