Fidelity just enters "Various" on the 1099-INT and 1099-DIV.
Is it okay to just put "various" on the tax return? Seems to me they wouldn't bother to ask if that was an adequate answer; but what do I know...
- posted
16 years ago
Foreign Contry or U.S. Possession
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- posted
16 years ago
form 1116 i daunting enough. Just put "varios" for the many countires usually invollved. If you know the country , put it in, otherwise various.
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- posted
16 years ago
But if the country is one that supports international terrorism you cannot take a credit for it (but you can take a deduction according to publication 514).
If you meet the requirements (roughly that your foreign tax is less than 300 or 600 depending on single or married, only taxable foreign income reported on 1099-INT or 1099-DIV, etc) then you don't have to bother with form 1116.