pk
Level 15
Level 15

Deductions & credits

@girigiri , generally when you enter  the "foreign taxes  paid " on form 1099-Div , box  7 , country in box 8 of your dummy  1099-Div, TurboTax would recognize  the foreign taxes paid.   The adjustment box/amounts  are only for  form 1116 and is used to adjust the  foreign source income ( a requirement for form 1116 ) to harmonize  with treaty requirements  -- some treaties  require say only 10% tax while US actually say charges  15% on the double taxed income -- so you adjust the source income to bring the tax down to as if the applicable tax was 10%.    Very few times do you have to use these .   I don't remember  ( so have to refresh my memory ) if India  puts up such conditions on the tax treaty.

 

Is there more I can do for you ?

 

Namaste ji

 

pk