You can claim a credit for income taxes paid to Canada to the extent you paid US taxes on the same income. So in essence, you need to calculate what your US tax was on your Canadian income and if it was as much as $200, then you will get a credit for that amount. Any unallowed credit can be carried over to future years.
In TurboTax, you need to navigate to the Foreign Taxes section, which you will find in the Deductions and Credits area, and then under Estimates and Other Taxes Paid. You will see an option to enter your foreign income that was entered on your US tax return and the foreign taxes paid on it. Form 1116 will be generated and will be used to determine your foreign tax credit.
You can amend returns going back three years from the due date of the return to re-coop tax credits that you overlooked. You will see an option to prepare an amended return on your home page under Your tax returns and documents once you log into your online TurboTax program. Choose the year you want to amend and follow the instructions under Amend(change) return.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
