The fund received a refund of foreign taxes paid (with an interest adjustment) and the amount of Foreign Tax Paid in Box 7 may be less than what is included in Box 1a for Ordinary Dividends on your Form 1099-DIV. Ordinary Dividends is the sum of your income dividends, short-term capital gain, foreign tax paid, as well as any interest adjustment.
The amount of foreign interest adjustment included in box 1a can be calculated by using the percentage provided in the table below multiplied by the foreign tax reported in box 7.
This would apply to investors in the following funds:
Percent of foreign interest | |
---|---|
T. Rowe Price Institutional International Disciplined Equity | 0.034079168 |
T. Rowe Price International Stock | 0.269469546 |
T. Rowe Price International Discovery | 0.011317191 |
T. Rowe Price International Value Equity | 0.053246913 |
T. Rowe Price Overseas Stock | 0.054657473 |