LinaJ2020
Expert Alumni

Deductions & credits

TurboTax only allows you to select one country per payer, unfortunately.  You might want to sum up the number and put it under one country.  Here is the discussion, click here:  Multiple countries

 

We are aware of the issue and have submitted it for further investigation.  

 

Here are the steps: 

 

You will first need to enter 1099-DIV into the program.  

  • Sign in to your account, select Pick up where you left off
  • At the right upper corner, in the search box, type in 1099div and Enter 
  • Select Jump to 1099div
  • Follow prompts

 

Then, you will enter info under "Foreign Tax Credit" section.  Follow here: 

  • At the right upper corner, in the search box, type in "foreign tax credit" and Enter
  • Select Jump to foreign tax credit
  • Follow prompts
  • On screen, "Tell Us About Your Foreign Taxes", check the first box ( If you have no more foreign taxes to enter other than the 1099-DIV, 1099-INT, 1099-OID or a Schedule K-1)  and others that apply
  • 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

If you have paid taxes to both foreign and the US tax authorities, the IRS allows you to claim a foreign tax credit on your US tax return.  To claim this foreign tax credit, you would need to file a Form 1116 Foreign Tax Credit. 

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