Form 1065 Tax Return for Partnership

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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!

TurboTax Business Windows

DaveF1006Answer

Alumni - Intuit

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

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

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DaveF1006Answer

Alumni - Intuit

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

Go to the forms mode in your Turbo Tax Business product
Select Schedule K-1 Worksheet
Scroll down toward the bottom of the form, select Quick Zoom to Form 1065 page 4 Schedule K
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"