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Deductions & credits
I need help. I am using TurboTax for the first time. I have a couple mutual funds with international stocks that have apparently provided some foreign dividends, and box 7 foreign taxes have been paid. Do I use the simplified method or not? I am not sure whether my CPA used the simplified method for last year. The instructions seem to assume that I have been using TurboTax in prior years.
Additionally, if I chose the simplified approach for a deduction, how do I go back into TurboTax and change the election to elect the tax credit? Thanks!
‎April 10, 2021
4:18 PM