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March 10, 2025
Question

foreign tax not listed on 1099-div, but foreign tax paid. how to proceed?

  • March 10, 2025
  • 1 reply
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    1 reply

    DaveF1006
    March 11, 2025

    If you are certain you paid foreign tax on foreign dividends, you may enter that amount in Box 7 of the 1099 DIV. If the amount of the foreign tax is more than $300 ($600 if filing Married Filing Jointly), there'll be follow-up questions asking the amount of foreign dividends and where these originated from.   

     

    Be sure you have records of the foreign tax paid, such as statements from the brokerage firm. You need to know how much foreign dividend was paid. This is usually listed in a supplemental form that came with your 1099 DIV form. This is important in claiming your foreign tax credit.  After this is reported, you will need to claim your credit. Here is how to report.

     

    1. Go to Federal
    2. Deductions and credits 
    3. Estimate and other taxes paid 
    4. Foreign Tax Credit>start or revisit

    As you begin navigating in the section, the program will recognize you have already made an entry regarding foreign taxes in your 1099 DIV. 

     

    1. It will first ask you to verify where the dividend income came from.
    2. Next screen you will select report income in the radio button
    3. In the next screen, put a checkmark in the box that says select 
    4. The next screen will verify the amount of foreign-source income the foreign tax was derived from

     

     

     

     

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