Foreign Source Income Reporting
Updated for 2023
If you have less than $300 ($600 for married individuals filing jointly) of foreign tax and no foreign-source income other than passive income, then you do not need the information in the table below. Claim your foreign tax on Form 1040.
If you have more than $300 ($600 for married individuals filing jointly) of foreign tax or any foreign-source income other than passive income, use the information in the table below to complete Form 1116.
When completing Form 1116, TurboTax® and other tax software may ask for the foreign sourced income and/or qualified foreign source income in relation to the foreign taxes paid. To determine the appropriate amounts to enter, multiply the amount listed in Box 1a of your Form 1099 DIV by the applicable percentages listed below.
Mutual Fund shareholders are not required to report country by country detail. The code "RIC" should be used when completing foreign country information on Form 1116. See Form 1116 instructions for additional information.
Mutual Funds
Fund Name: | Foreign Source Income: % of Box 1A | Qualified Foreign Source Income: % of Box 1A |
Emerging Markets Fund | 100.00% | 69.69% |
Emerging Markets Small Cap Fund | 0.00% | 0.00% |
Focused Global Growth Fund* | 0.00% | 0.00% |
Focused International Growth Fund | 75.61% | 75.61% |
Global Gold Fund | 75.57% | 75.57% |
Global Real Estate Fund* | 0.00% | 0.00% |
Global Small Cap Fund* | 0.00% | 0.00% |
International Growth Fund* | 0.00% | 0.00% |
International Opportunities Fund* | 0.00% | 0.00% |
International Small Mid Cap Fund | 76.99% | 70.16% |
International Value Fund | 74.16% | 63.76% |
Non-U.S. Intrinsic Value Fund | 100.00% | 42.14% |
One Choice® | 7.65% | 7.65% |
One Choice® | 9.95% | 9.57% |
One Choice® | 12.50% | 11.49% |
One Choice® | 15.89% | 14.00% |
One Choice® | 19.35% | 16.82% |
One Choice® | 23.11% | 19.98% |
One Choice® | 26.73% | 23.66% |
One Choice® | 28.87% | 25.50% |
One Choice® | 31.41% | 26.88% |
One Choice® | 7.67% | 6.99% |
One Choice® | 9.43% | 8.50% |
One Choice® | 10.75% | 9.33% |
One Choice® | 14.73% | 12.05% |
One Choice® | 19.19% | 14.17% |
One Choice® | 24.72% | 16.95% |
One Choice® | 30.26% | 19.69% |
One Choice® | 35.10% | 22.75% |
One Choice® | 37.90% | 24.59% |
One Choice® | 39.43% | 25.57% |
One Choice® | 40.14% | 27.72% |
One Choice® | 7.23% | 7.23% |
One Choice® | 23.95% | 12.89% |
One Choice® | 6.88% | 5.33% |
One Choice® | 16.35% | 9.60% |
One Choice® | 47.15% | 23.26% |
One Choice® | 0.00% | 0.00% |
Strategic Allocation: Aggressive | 17.56% | 17.56% |
* These funds did not pass through a foreign tax credit in 2023.
Exchange Traded Funds (ETFs)
Fund Name | Foreign Source Income: % of Box 1A | Qualified Foreign Source Income: % of Box 1A |
American Century® Quality Diversified International ETF -(QINT)¹ | 72.71% | 60.40% |
Exchange Traded Funds (ETFs) are bought and sold through exchange trading at market price (not NAV), and are not individually redeemed from the fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.
Exchange Traded Funds (ETFs): Foreside Fund Services, LLC - Distributor, not affiliated with American Century Investment Services, Inc.
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This fund is not actively managed and the portfolio managers do not attempt to take defensive positions under any market conditions, including declining markets. The portfolio managers also do not generally add or remove a security from the fund until such security is similarly added or removed from the underlying index. Therefore, the fund may hold an underperforming security or not hold an outperforming security until the underlying index reacts. This may result in underperformance compared to the market generally. In addition, there is no assurance that the underlying index will be determined, composed or calculated accurately. While the index provider provides descriptions of what the underlying index is designed to achieve, the index provider does not guarantee the quality, accuracy or completeness of data in respect of its indices, and does not guarantee that the underlying index will be in line with the described index methodology. Gains, losses or costs to the fund caused by errors in the underlying index may therefore be borne by the fund and its shareholders.
Mutual Funds: American Century Investment Services, Inc., Distributor.
IRS Circular 230 Disclosure: American Century Companies, Inc. and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with American Century Companies, Inc. of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties.
This information is for educational purposes only and is not intended as tax advice. Please consult your tax advisor for more detailed information or for advice regarding your individual situation.
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