- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Foreign Tax Credit - how to get it to work?
This portion of TurboTax is a pain point for me. I imported my 1099DIVs, went to 1099DIV income to confirm, got to "tell us about foreign tax dividends", it only allowed me to enter one country per 1099DIV-no prompting for multiples, finally tried "various". The form 1116 only shows income from 1 of my 1099DIVs. I go to the Deductions-Foreign tax, tell it I want to do the credit. Next screen I tell it all 4 sources/countries of foreign taxes, I select the one with largest $ amount as your special instructions specify, do report income. when done with that one, it asks if I want to review, I have tried "yes" and then tried iteratively entering the other 3, not work, so I've tried "no, I'm done", come back later & tried to enter the others, don't work. If I only had 3 sources I would try to just enter it from the forms view, but the form only has 3 columns, don't know how to get a second 1116 to link to it. please help, this is maddening.