My accountant filed a 1116 that simply said "various" under countries involved. There were probably a dozen or so countries, and the brokerage statement gave no information other then the foreign stocks involved. I suppose someone could have looked up each stock to see what country they were in.
The IRS rejected the filing, saying (apparently correctly) that they require the specific country. My accountant is perplexed, saying he files hundreds each year as "various" and has never had a problem. While the IRS might be technically correct, it is something that is never enforced.
Is my accountant correct in his claim that "various" is almost always accepted by the IRS? If so, any idea why they came down on me? There is only $2,500 involved.