Foreign Tax Paid

[Yardley CPA]

If you are unsure of the country or possession the foreign tax is paid to, what do you enter from the drop down option?  There used to be an "others" option, that no longer exists.  

[Abby Normal]

It's called Various now. Although, on K1 inputs it was still called other.

[Catherine]

And if it won't take "Various" take a good guess from the name of the fund or stock.  For anything "Emerging Markets" Brazil or Thailand is a good guess.  For a "Pacific Rim" fund Japan or Korea.  Extrapolate from these.

[Lion EA]

I've also seen OC Other Countries on lists, as well as Various.

[Abby Normal]

14 hours ago, Catherine said:

And if it won't take "Various" take a good guess from the name of the fund or stock.  For anything "Emerging Markets" Brazil or Thailand is a good guess.  For a "Pacific Rim" fund Japan or Korea.  Extrapolate from these.

I like to use various for all 1099-DIV and other for all K1s because it makes it easier to tie the 1116 totals to the DIV detail screen and the K1 detail screen. So I never enter the actual country. And it's faster to do it this way.

[Catherine]

I do that when I can but I've run into a couple of weird cases where I had to put something other than "various" or I got error messages that prevented efile.  

[Abby Normal]

I'm going to start putting Wakanda for everyone.

[michaelmars]

i am going to start using California as my go to foreign country.