Tax Program Question- Country Origin of Foreign tax?

GARY SERGIO on

A question in the 2018 partnership tax interview is asking: To select the country for any investment which received foreign taxes? Our club owned EEM which is a Blackrock etf investing in a multitude of foreign stocks. Are we suppose to identify all the countries that we paid taxes to?
A notation in Blackrock's "Year End Tax Supplement Report" states: "shareholders do not need to report income passed through from a mutual fund or ETF organized as a Regulated Investment Company on a country-by country basis."
I assume the same would apply to taxes.

ira smilovitz on

Foreign dividends from a mutual fund/ETF should be reported as coming from "country" RIC.

Ira Smilovitz, EA

On Tue, Feb 19, 2019 at 8:14 PM GARY SERGIO via bivio.com <user*35169000001@bivio.com> wrote:

A question in the 2018 partnership tax interview is asking: To select the country for any investment which received foreign taxes? Our club owned EEM which is a Blackrock etf investing in a multitude of foreign stocks. Are we suppose to identify all the countries that we paid taxes to?
A notation in Blackrock's "Year End Tax Supplement Report" states: "shareholders do not need to report income passed through from a mutual fund or ETF organized as a Regulated Investment Company on a country-by country basis."
I assume the same would apply to taxes.

GARY SERGIO on

Thank you Ira for the prompt response. Unfortunately, I don't find where "RIC" appears as a selection in the drop down box under "Country"

Laurie Frederiksen on

You can select "Various" from the drop down menu to address this.

Laurie Frederiksen
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On Tue, Feb 19, 2019 at 10:27 PM GARY SERGIO via bivio.com <user*35169000001@bivio.com> wrote:

Thank you Ira for the prompt response. Unfortunately, I don't find where "RIC" appears as a selection in the drop down box under "Country"

GARY SERGIO on

Thank you Laurie! My bad, I thought "various" was a new country!

Have a great day!
Gary

ira smilovitz on

Gary,

Please send this question to support@bivio.com. There may be a workaround or it may require modification of the program.

Ira Smilovitz

On Tue, Feb 19, 2019 at 10:27 PM GARY SERGIO via bivio.com <user*35169000001@bivio.com> wrote:

Thank you Ira for the prompt response. Unfortunately, I don't find where "RIC" appears as a selection in the drop down box under "Country"

ira smilovitz on

My earlier suggestion to send the question to support@bivio.com was made without seeing that Laurie had already provided the answer. "Various" was the workaround I had in mind, but I wasn't sure if the programmers had included that choice.

Ira Smilovitz

On Wed, Feb 20, 2019 at 11:38 AM ira smilovitz <ira.smilovitz@gmail.com> wrote:

Gary,

Please send this question to support@bivio.com. There may be a workaround or it may require modification of the program.

Ira Smilovitz

On Tue, Feb 19, 2019 at 10:27 PM GARY SERGIO via bivio.com <user*35169000001@bivio.com> wrote:
Thank you Ira for the prompt response. Unfortunately, I don't find where "RIC" appears as a selection in the drop down box under "Country"

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