LinaJ2020
Expert Alumni

After you file

To claim the foreign tax credit, here are the steps: 

 

In TurboTax online,

  • Open up your TurboTax account and select Pick up where you left off
  • At the right upper corner, in the search box, type in "foreign tax credit" and Enter
  • Select Jump to foreign tax credit
  • Follow prompts
  • Choose the Income Type, select "Passive Income"
  • On screen, "Country Summary", add a country to continue
  • On screen, "Foreign Taxes Paid", under foreign taxes on Other Income, enter the amount
  • Follow prompts to enter foreign taxes if you did not enter it on 1099-DIV
  • See image below.

 

 

 

 

If you pay taxes on dividends to both foreign and US government, you may claim a foreign tax credit on your taxes.  

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