Form 1065 Tax Return for Partnership

[amyonghwee]

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!

[DaveF1006 · Accepted solution]

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.

[amyonghwee]

Thanks @DaveF1006