The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Foreign tax paid ?||Date: 3/4/2008 12:12 PM|
|Author: ptheland||Number: 99208 of 119653|
What's the best way to determine this so I can input accurate info into the software?
You answered your own question right here:
To determine the portion of Box 1a that is foreign dividends, look at the paperwork provided by the dividend payer. It should list a foreign amount or a foreign source percentage you can use to calculate the portion that is from a foreign country.
Check your account statements. Look at each dividend payment. The foreign tax withholding will almost always be stated separately from the dividend, making the job easy.
BTW - don't you know enough about your investments to know which companies are foreign? Or which mutual funds invest in foreign stocks?
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