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April 7, 2024
Question

Form 1116 - when to use RIC

  • April 7, 2024
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I have a k-1 from an investment fund with foreign source income (dividends, interest, and other income) reported to me from 10 countries on k-3.  Do I need to enter income separately for each of the ten countries or can I combine the income for all the countries and enter the total once using RIC as the country?