See the instructions for Forms 1099 or Form 2439 for details. Under your last entry on line 5, put a subtotal of all ordinary dividends listed. Subtract this amount from the subtotal and enter the result on line 6. Attach a statement to your return showing the full amount you received or were allocated and the amount you received or were allocated as a nominee. Foreign tax deduction or credit.
Some mutual funds invest in foreign securities or other instruments.
Your mutual fund may choose to allow you to claim a deduction or credit for the taxes it paid to a foreign country or U.S. possession. The fund will notify you if this applies to you. The notice will include your share of the foreign taxes paid to each country or possession and the part of the dividend derived from sources in each country or possession. You may be able to claim a credit for income tax paid to a foreign country.