How do I report qualified dividends from a BVI IPC on a US tax return?

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How do I report qualified dividends from a BVI IPC on a US tax return?

2007-12-23 05:25:29 · 2 answers · asked by Stephen P 2 in Business & Finance ➔ Taxes ➔ United States

2 answers

Same as if it was US sourced. You probably will need some type of proof that they are qualified dividends as defined in US tax law, however, since one country's definition of qualified dividends could differ vastly from the US definition.

2007-12-23 05:37:48 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋

Where are you holding the stock? If it's in a US brokerage account, you will still get a 1099-DIV even if it's a foreign stock.

2007-12-23 05:52:33 · answer #2 · answered by Anonymous · 0⤊ 0⤋