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Get your taxes done using TurboTax
After you enter the 1099-DIV the second screen following says "Tell Us About Your Foreign Dividends". That's where you'll enter that $8136. Without that amount you don't qualify for the credit because the system doesn't know the amount of foreign income that you paid taxes on.
Once you've done that you need to go to the deductions and credits section of your federal return to "Other Taxes Paid" and click start next to "Foreign tax credit". Tell the system that you received the dividends from an RIC (Regulated Investment Company). Follow through to the end. The system will tell you if the foreign tax credit is limited or disallowed for you.
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‎April 21, 2025
12:38 PM
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