MarilynG1
Expert Alumni

Get your taxes done using TurboTax

Sorry for your frustration.  

 

The easiest way to claim the Foreign Tax Credit is to enter the 1099-Div in the 1099-Div section and check the box that indicates 'I have more boxes on my form'

 

When the form opens, enter the amount of Foreign Tax paid.  From there, it automatically gets placed on Form 1116.

 

In the Foreign Tax Credit section, you are asked to confirm that you have no additional entries, other than the investment funds you already entered (screenshot). 

 

TurboTax then asks 'which country' you paid Foreign Tax to.  Choose 'RIC' for Regulated Investment Company, and that will be all you need to do.

 

The Foreign Tax Credit show on Schedule 3, Part I, Line 1. 

 

 

 

 

If AMT does not apply, leave it blank.  

 

 

 

 

 

 

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