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Foreign Tax Credit Not Used by Turbotax Premier 2023
I transferred all my Dividends received from Merrill Edge to Turbotax Premier. I noticed that foreign Tax I paid has not been taken into account by Turbotax. The foreign Country (France) taxes paid were over $1,400. Whether you include the tax amount or not, or add smaller or bigger amount, it makes no difference to the calculations. I still have the same Refund for my entire taxes. I also tried both "other source" and "RIC" options and no change to the calculations.
Can you please help to understand why Turbotax is doing this? It seems it is not using Form 1116 at all.
‎February 20, 2024
9:49 AM