You will still need to go through the Foreign Taxes section to indicate that you had passive income on which you paid a foreign tax. It will appear that Form 1116 is being completed, but the actual form will not be filed with your return. You will just see a foreign tax credit on your Form 1040 Schedule 3 line 1.
Use the following steps to get started:
- On the top row of the TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner)
- This opens a box where you can type in “foreign tax credit” (be sure to enter exactly as shown here) and click the magnifying glass (or for CD/downloaded TurboTax, click Find)
- The search results will give you an option to “Jump to foreign tax credit”
- Click on the blue “Jump to foreign tax credit” link and enter your information
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