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Deductions & credits
Yes, here is how to get back to that section you were working on.
- Go to federal
- income or wages and income
- Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto) or investment income if working in Turbo Tax Desktop
- Choose Dividends
- Once you begin working on the 1099 DIV, check the box that mentions My form has info in other boxes (this is uncommon).
- Once that box expands, look at Box 7 to see if there's a foreign tax amount recorded.
- There is a follow-up screen that mentions US interest, but you can check none if this doesn't apply to you.
If the amount of foreign tax is less than $300 or $600 if you are married filing jointly, then there are no additional questions that will be asked about foreign source income. If the amount of your foreign tax is more than the threshold amount, then there will be a question about foreign-sourced income and where it came from. That will generate a Form 1116.
The information shouldn't disappear from Box 7. If there's an amount listed there, then it'll be recorded on Line 1 of Schedule 3.
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March 13, 2025
6:33 AM