3495004
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Form 1065 Tax Return for Partnership

I have received a form 1099-DIV that has an entry for foreign tax paid (line7). There is no entry in turbotax business to enter this. Pls advise. Thanks!

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
DaveF1006
Expert Alumni

Form 1065 Tax Return for Partnership

Yes, you will need to enter this on Schedule K, on line 21. To get to this:

 

  1. Go to the forms mode in your Turbo Tax Business product
  2. Select Schedule K-1 Worksheet
  3. Scroll down toward the bottom of the form, select Quick Zoom to Form 1065 page 4 Schedule K
  4. Scroll down toward the bottom where you see Foreign Taxes paid or Accrued.  Enter that amount here.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

2 Replies
DaveF1006
Expert Alumni

Form 1065 Tax Return for Partnership

Yes, you will need to enter this on Schedule K, on line 21. To get to this:

 

  1. Go to the forms mode in your Turbo Tax Business product
  2. Select Schedule K-1 Worksheet
  3. Scroll down toward the bottom of the form, select Quick Zoom to Form 1065 page 4 Schedule K
  4. Scroll down toward the bottom where you see Foreign Taxes paid or Accrued.  Enter that amount here.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Form 1065 Tax Return for Partnership

Thanks @DaveF1006 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question