LinaJ2020
Expert Alumni

Deductions & credits

You would first need to enter the information under 1099-DIV section. 

 

In TurboTax,

  • Open up your program
  • 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 ( 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 the screen, "Reporting Foreign Taxes Paid", select "Yes"
  • The program will take you back to the screen "Where Did You Receive Dividend Income From?", select your country and continue
  • See image below

 

@BigYo54

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