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Deductions & credits
Thank you for your detailed answer. It sounds as though you are telling me how to claim the foreign tax in TurboTax for Form1040 (individuals). My question stated that the problem arose when using TurboTax Business to file form 1065 (partnership). This was not a K-1 from an estate. My problem is that TurboTax Business does not include Forms K-2 and K-3, necessary for reporting all the foreign tax data needed for partners to claim the credit on their Form 1040. I have resolved this dilemma through information received directly from the IRS. (Are you sure you were answering my question; perhaps it was actually that of some one else.)
March 9, 2022
8:01 PM