KathrynG3
Expert Alumni

Deductions & credits

To see the Form 1116, TurboTax must be paid for so that you can download the PDF. To get to this section of your return, follow these steps:

  • Inside TurboTax, go to the search box and enter foreign tax credit.
  • Select the Jump to link in the search results.
  • This is the area to answer specific questions to decide how the foreign tax will be reported.

For more information, see 2020 Instructions for Form 1116, page 16. Line 3b is only applicable to report other deductions that don't definitely relate to any specific type of  income. For a taxpayer simply reporting foreign tax paid from Form 1099-DIV, it is uncommon for any adjustment to be required.

 

For more information, see: Filing IRS Form 1116 to Claim the Foreign Tax Credit - TurboTax Tax Tips & Videos