• Community
  • :
  • Discussions
  • :
  • Taxes
  • :
  • Deductions & credits
  • :
  • Re: What's going wrong with Form 1116? Done myself, it shows I can take full credit for foreign taxes paid, but TurboTax is only showing a fraction (~15%) of what I paid.
SweetieJean
SweetieJean
Level 15
  • Mark as New
  • Bookmark
  • Subscribe
  • Subscribe to RSS Feed
  • Permalink
  • Print
  • Report Inappropriate Content

Deductions & credits

Not all foreign taxes qualify for the credit.  What type of income did you have, and how many foreign taxes did you pay on that income?  Also see:

Filing IRS Form 1116 to Claim the Foreign Tax Credit - TurboTax Tax Tips & Videos (intuit.com)

‎March 8, 2021 2:10 PM
0
1 Reply
279 Views
Reply
Bookmark Icon
Powered by Khoros