When you enter a Form 1099-INT Interest Income and/or Form 1099-DIV Dividends and Distributions with an amount in the Foreign Tax Paid box, you will need to determine how much of the total interest, ordinary dividends, qualified dividends, and/or capital gain distributions are from foreign sources.
You may have received a supplemental statement outlining these amounts. If you did not, contact the financial institution or brokerage firm for additional information.
Once you know those amounts, we can assist you with any questions you have on how to enter that information in the TaxAct program as outlined below.
To enter the foreign source interest income for Form 1099-INT:
To enter the foreign source ordinary dividends, qualified dividends, or capital gain distributions for Form 1099-DIV:
Note that any link in the information above is updated each year automatically and will take you to the most recent version of the document at the time it is accessed.