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New Member
posted Apr 12, 2024 10:44:16 AM

Edward jones statement does not have 1099B. But it does have supplemental information, should i report this

the supplemental info contains foreign source income or state exclusions that may be able to claim as a deduction on tax return a portion of foreign tax paid. How is this calculated?

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1 Replies
Expert Alumni
Apr 15, 2024 10:00:23 AM

You may be eligible for the Foreign Tax Credit reported on IRS form 1116.

 

In TurboTax Online, follow these steps:

 

  • Down the left side of the screen, click Federal.
  • Down the left side of the screen, click Deductions & credits.
  • Scroll down to Estimates and Other Taxes Paid.  Click the down arrow to the right.
  • Click on Start/Revisit.
  • Click Start/Revisit to the right of Foreign Tax Credit.