Skip to main content
Level 1
April 11, 2026
Question

Unlike all prior years, Turbotax will not enter the foreign tax credit from my 1099 brokerage form into my 1040 Schedule 3 line 1. How do I fix this problem?

  • April 11, 2026
  • 1 reply
  • 57 views
Turbotax says the Foreign Tax Credit doesn't apply this year, but there's no reason provided and there's no IRS guidance that says this.

1 reply

Level 15
April 11, 2026

@strongted , please can you provide some details --

(a)  Your foreign source income -- what type  ( 1099-div, 1099-Int, 1099-B  etc. etc. )?

(b) If it is not on the 1099s where  did you report the  foreign  taxes paid ?

(c) or are you saying that your are eligible for  section 904(j)  benefit i.e. without having to see the limits imposed by form 1116 ?

(c) Or are you saying that there was no FTC  but your tax liability prior to FTC application was zero ( it is non-refundable credit ) ?

 

Please help me solve your issue by replicating your situation  ( since I cannot see your screen and/or your return ) --yes ?