- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 14, 2021
4:51 PM