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Deductions & credits
Hey Renee and thanks so much for following up!
I'm aware that I need to file a US return. My issue is not paying the same tax twice. So since I am already paying a 25% capital gains tax tot he foreign country, which is higher than the U.S. capital gains rate, I need to indicate somewhere within turbo tax that I made this payment, so it will be credited towards my U.S. tax liability.
But, Turbotax only prompts me to report the credit from the small dividend I paid to a different foreign country that was indicated on my brokerage from.
But where can I manually enter the much larger 25% tax payment for my capital gains (which is not indicated on my brokerage form)?
‎February 27, 2021
11:40 PM