Where do I find foreign tax paid on my Schwab 1099?

On Schwab's consolidated 1099, under the 1099-DIV section, Box 7 — Foreign Tax Paid. Schwab issues one combined 1099-DIV/1099-B/1099-INT document rather than separate forms, so the figure sits inside that combined PDF, not a standalone form.

Does Schwab withhold US federal tax on RSU vesting itself?

Vest-time federal withholding is handled through your employer's payroll (reflected on your W-2), not on a Schwab 1099. The Schwab 1099 covers what happens after vesting — dividends and sale proceeds — including any NRA tax withheld on dividends.

How is Schwab's foreign tax reporting different from Fidelity's?

Fidelity reports NRA dividend withholding on a separate Form 1042-S and shows it as a line item in the Transaction History CSV. Schwab folds the same figure into Box 7 of its consolidated 1099-DIV instead of issuing a separate form.

Charles Schwab Form 67 & Foreign Tax Credit

5 min read · Updated July 2026 · Applies to AY 2025-26 and AY 2026-27

The DTAA mechanics for claiming credit are the same for every US broker — see the full Form 67 & FTC guide. This page is only about where to find the figure on Schwab's paperwork, since it's laid out differently from Fidelity's.

If you hold RSUs, ESPP or dividend-paying stock through Charles Schwab, the same India-US DTAA foreign tax credit rules apply as for any other US broker. What differs is which document the withheld amount actually appears on.

Schwab issues one consolidated 1099

Schwab combines 1099-DIV, 1099-B and 1099-INT into a single consolidated statement PDF. Foreign tax withheld on dividends — the figure you need for Form 67 — sits inside that document, in the 1099-DIV section, Box 7 (Foreign Tax Paid).

How this differs from Fidelity

	Fidelity	Charles Schwab
Document	Separate Form 1042-S	Box 7 of the consolidated 1099-DIV
Also visible in	Transaction History CSV (line item)	Consolidated 1099 PDF only
Vest-date federal withholding	W-2 (payroll), not the broker	W-2 (payroll), not the broker

If you're used to Fidelity's separate 1042-S, don't go looking for one from Schwab — it doesn't issue one. The figure exists, just inside the consolidated 1099 instead.

What's creditable

US federal tax withheld on RSU vesting (from your W-2) — creditable.
Foreign tax withheld on dividends (Schwab 1099-DIV Box 7) — creditable.
US state tax, if any — not creditable under the India-US DTAA.

Form 67 must still be filed on the income tax portal on or before submitting your return, per Rule 128 — same requirement regardless of which broker issued the underlying withholding.

FAQ

Box 7 (Foreign Tax Paid) of the 1099-DIV section inside Schwab's consolidated 1099 statement.

No — that withholding happens through payroll and shows on your W-2, not on the Schwab 1099.

Fidelity issues a separate Form 1042-S for NRA withholding; Schwab folds the same figure into Box 7 of its consolidated 1099-DIV instead.

Start with Schedule FA — done in 2 minutes

ITRFA.in parses Schwab's Lot Details, Realized Gain/Loss and Transactions exports for Table A2, A3 and F.

Open the Schedule FA tool →

Form 67 & FTC →
Full DTAA / Form 67 guide

Schwab → Schedule FA →
Which CSVs, export steps

Table A2 vs A3 →
Account vs shares

Informational only, based on current law (FY 2025-26 / AY 2026-27). Consult a chartered accountant before filing.

Charles Schwab Form 67 & Foreign Tax Credit

Schwab issues one consolidated 1099

How this differs from Fidelity

What's creditable

FAQ

Where do I find foreign tax paid on my Schwab 1099?

Does Schwab withhold US tax at RSU vesting?

How is this different from Fidelity?