2016 Foreign Source Income
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 income 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 source income received from a fund. To determine the appropriate amount to enter, multiply the amount listed in Box 1a of your Form 1099 DIV by the applicable percentage 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.
|Fund Name - Investor Class||Foreign Source Income: % of Box 1a|
|Emerging Markets Fund||100.00%|
|Emerging Markets Small Cap||93.28%|
|Emerging Markets Value Fund||100.00%|
|Focused International Growth||100.00%|
|Global Allocation Fund||21.23%|
|Global Gold Fund||87.07%|
|Global Growth Fund*||0.00%|
|Global Real Estate Fund*|| 0.00%
|International Core Equity Fund||100.00%|
|International Discovery Fund||100.00%|
|International Growth Fund||100.00%|
|International Opportunities Fund||100.00%|
|International Value Fund||100.00%|
|One Choice 2020 Portfolio||8.80%|
|One Choice 2025 Portfolio||10.54%|
|One Choice 2030 Portfolio||12.71%|
|One Choice 2035 Portfolio||14.55%|
|One Choice 2040 Portfolio||16.03%|
|One Choice 2045 Portfolio||17.09%|
|One Choice 2050 Portfolio||18.20%|
|One Choice 2055 Portfolio||20.22%|
|One Choice 2060 Portfolio||25.32%|
|One Choice In Retirement Portfolio||7.37%|
|One Choice Portfolio: Aggressive||15.76%|
|One Choice Portfolio: Conservative||9.00%|
|One Choice Portfolio: Moderate||12.58%|
|One Choice Portfolio: Very Aggressive||27.54%|
|One Choice Portfolio: Very Conservative*||0.00%|
*These funds did not pass through a foreign tax credit in 2016.
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.