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Deductions & credits
You need to record the sale of investments separate from the foreign taxes paid. You report the investment sales in the Investment Income section of TurboTax, under the Income and Expenses menu tab, and then Stocks, Mutual Funds, Bonds and Other.
To get a credit for the foreign taxes paid, you go to the Deductions and Credits section of TurboTax, then Estimates and Other Taxes Paid, then Foreign Taxes.
Indicate that you want to apply for the Foreign Tax Credit and work through that section. You can net your foreign taxes paid with the refund you received from the previous year to arrive at the amount to enter.
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‎February 15, 2021
7:40 PM