If you do not have any foreign related information being reported on the Schedule K-1, you will not qualify to claim a foreign tax credit. You will then enter the K-1 with the non-foreign info, here are the steps:
In TurboTax online,
- After sign into your account, select Pick up where you left off
- At the right upper corner, in the search box , type in K1 and Enter
- Select the 1st choice on the search results - Jump to K1
- Follow prompts to enter info in different boxes
You may qualify to claim a foreign tax credit only If you have paid taxes to both foreign and the US tax authorities. To claim this foreign tax credit, you would need to file a Form 1116 Foreign Tax Credit. After entering the info correctly, the amount should show on Schedule 3 line 1 and line 20 on Form 1040.
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