KathrynG3
Expert Alumni

Deductions & credits

It depends. If you claimed them on your return in years' past, they would not be carried over. 

 

In general, for investment related foreign tax credits reporting:

First, report it on the form as received.  See this article for specifics: Where do I enter Form 1099-DIV?

Second, utilize the Jump to link described here: Where do I enter the foreign tax credit (Form 1116) or deduction for 2019?

 

It may be worth checking if there was a duplicate account inadvertently created. How many TurboTax accounts do I have?

 

Additional Resources for more details:

Filing IRS Form 1116 to claim the Foreign Tax Credit

Tax Topic 856 See "Claiming without filing Form 1116"

Foreign Tax Credit Compliance Tips

2019 IRS Publication 514 Foreign Tax Credit for Individuals​​​​​​​

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