Here are the steps to enter Foreign Taxes paid:
- Sign into your TurboTax account and click Take me to my return
- Select Federal (in left column)
- Select Deductions & Credits (top of program)
- If you see Check for more tax breaks - select that option (click on screenshot below for details)
- This will open another option that reads See list of all tax breaks (click on screenshot below)
- Scroll down to Estimates and Other Taxes Paid (you may need to select Show more) click on screenshot below
- Enter the amounts converted to U.S. dollars as of the transaction date. Please click this link for historical conversion rates: Treasury Reporting Rates of Exchange
For more information specific to the US/Canadian tax treaty, please see IRS Pub 597 Information on the United States-Canada Tax Treaty
