AnnetteB6
Expert Alumni

Deductions & credits

The foreign taxes paid on your dividends should be reported on your Form 1099-DIV.  Be sure to enter the foreign taxes paid when you are entering the dividends information.

 

If foreign taxes on dividends or other passive income is the only foreign tax that you paid, then filing an actual Form 1116 should not be necessary.  However, you will still need to visit the Form 1116 Foreign Taxes section of your return in order to have the foreign tax credit applied properly on your Form 1040.

 

TurboTax will walk you through the process.  Take a look at the following TurboTax help article for the steps to get started:

 

Where do I enter the foreign tax credit (Form 1116) or deduction?

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