2023 Foreign Source Income Reporting
If you have less than $300 ($600 for married individuals filing jointly) of foreign tax and no foreign-source income other than passive income, then you do not need the information in the table below. Claim your foreign tax paid on Form 1040.
If you have more than $300 ($600 for married individuals filing jointly) of foreign tax or any foreign-source income other than passive income, use the information in the table below to complete Form 1116.
When completing Form 1116, TurboTax® and other tax software may ask for the foreign sourced income and/or qualified foreign source income in relation to the foreign taxes paid. To determine the appropriate amounts to enter, multiply the amount listed in Box 1a of your Form 1099 DIV by the applicable percentages listed below.
Mutual Fund shareholders are not required to report country by country detail. The code "RIC" should be used when completing foreign country information on Form 1116. See Form 1116 instructions for additional information.
MUTUAL FUND NAME | FOREIGN SOURCE INCOME: % OF BOX 1A | QUALIFIED FOREIGN SOURCE INCOME: % OF BOX 1A |
|---|---|---|
93.56% | 47.08% | |
68.85% | 62.58% | |
70.51% | 57.35% |
ETF NAME | FOREIGN SOURCE INCOME: % OF BOX 1A | QUALIFIED FOREIGN SOURCE INCOME: % OF BOX 1A |
|---|---|---|
41.36% | 26.44% | |
56.89% | 35.12% | |
86.06% | 42.67% | |
88.45% | 50.18% | |
89.36% | 43.10% | |
91.28% | 38.02% | |
78.01% | 70.14% | |
85.83% | 74.30% | |
81.52% | 67.49% | |
100.00% | 91.49% | |
26.36% | 15.55% | |
100.00% | 36.95% | |
89.12% | 80.26% |
