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Personal Finance (Not Investing) • Foreign Tax Paid and VTIAX (Total International Stock Index)

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Like many, I detest Form 1116. However, I will say that Vanguard is finally providing everything you need in one place to fill in the form more easily than in the past.
Agreed. I had the same thought. It's nice to finally see something new that actually improves upon what came before, rather than going backwards and losing convenience or completeness.
Sorry to bring up a months old post, but I'm only doing my taxes now.

Did I miss something, is there something new this year? I'm not seeing anything new in my Vanguard brokerage account on my Vanguard funds where they're providing everything I need in one place. I'm still doing the old method where I'm multiplying numbers from that PDF manually against the amount of dividends from my 1099.
Well, there's something relatively new for me, personally. Before I transitioned my old mutual fund platform to the new brokerage platform for my taxable account in January 2022, the foreign source dividend data was only available in a separate foreign tax credit data sheet for Vanguard funds with foreign dividends. I used to have to find that foreign tax credit data sheet on my own from the Vanguard website. So while it's true that I still need to do the arithmetic, at least all the necessary information is now being provided in the same document along with the "consolidated 1099." A minor consolation for other minor annoyances associated with the platform transition.

Statistics: Posted by iceport — Sun Apr 14, 2024 5:22 pm — Replies 26 — Views 3851



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