What country should be used for dividends from HSBC for IRS Form 1116?

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What country should be used for dividends from HSBC for IRS Form 1116?

2007-04-02 02:42:21 · 2 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States

2 answers

The country where the account exists as well as any other country that taxed the income.

If your account is at a US branch, the interest isn't taxed elsewhere and you don't need to use Form 1116 for that interest.

2007-04-02 03:20:00 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 1⤋

If the 1099 does not show specifically what country the dividends originated from, show "Various" as the Foreign Source.

2007-04-02 11:13:11 · answer #2 · answered by bold4bs 4 · 1⤊ 0⤋