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July 10, 2020
Question

Should Foreign Dividends source selection be RIC or Other Source?

  • July 10, 2020
  • 1 reply
  • 0 views

In the Personal Income section where it asks to Report Foreign Dividends, it also asks to select whether the dividends are from MutualFunds/RICs or from another source. Most of my foreign dividends are RICs and about 2% are Equity & Bonds. I know equities are mutual funds but I am not sure if bonds could be classified as same.  Can I still check the "from Mutual Fund/RIC" box or should I select the "from another source" box?

    1 reply

    SusanY1
    July 12, 2020

    I would select RICs, but you can also choose "Various" if you prefer.  Either will result in a correctly prepared tax return.  

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