LinaJ2020
Expert Alumni

Deductions & credits

Although you enter the foreign income under "Other Income", you can still take the foreign tax credit if you answer the interview questions correctly.  

 

Here are the steps:

  • Sign in to your account, select Pick up where you left off
  • 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", uncheck 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 screen, "Foreign Taxes Paid", under foreign taxes on Other Income, enter the amount

@kbcm1

 

 

 

 

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