Question

How do I calculate the foreign dividends received from box 1a and box 7?

Forum|Forum|1 year ago
February 24, 2025
1 reply
0 views

On my 1099-DIV there is no information on how to calculate the foreign dividens. There are no percentages listed. For box 7, there is the individual amount received from each investment, but no percentage.

TurboTax Free Edition Online

DaveF1006

It depends. Usually this information is reported in a supplemental disclosure form that came with your brokerage statement. Did you check these thoroughly to see if it was embedded in the fine print in the disclosure forms? It is either reported as a percentage or there may be a dollar amount listed.

If you can't find it, you will need to contact the broker to see if they have this information on file.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

M

madelynvealAuthor

I did just find on the 2024 supplement tax statement, an area that says "Foreign Qualified Dividend Income", "Foreign Source Income adjusted for IRC 904(b)(2)(B)", and "Foreign Source Income". No where is there a percentage, but it does list countries next to box 7.

Would any of these help or be the answer?

DaveF1006

Yes. This is even better because you have the actual foreign sourced dividend amount RATHER than a percentage. Report that income amount as your foreign sourced dividend amount.

@madelynveal

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"