- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
To access the Foreign Tax Credit section.
- Go to Federal
- Deductions and credits
- Estimate and other taxes paid
- Foreign Tax Credit>start or revisit
- As you go through the screens, when it asks "Tell Us About Your Foreign Taxes" select none of these apply.
- When it asks if you wish to take the deduction and credit, take the credit
- Here you can proceed through the interview and enter information that is asked for.
- At the end of the section, you will reach a screen asking about Federal Tax Carryovers. Here you can report information regarding past carryovers.
Form 8962 is used to calculate and reconcile the Premium Tax Credit (PTC), which helps eligible individuals and families cover the cost of health insurance purchased through the Health Insurance Marketplace. Here is where to access that information.
- Go to the Deductions and Credits section of your return.
- Go to medical
- Go to Affordable Care Act (Form 1095-A).
- When you enter your 1095 A information, the results will generate Form 8962.
As far as Schedule B. I assume you mean Schedule B Form 1116. This is generated in step 8, in the steps I listed above for the Foreign Tax Credit. It will appear based on how you enter the carryover information in Step 8 above.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 2, 2025
6:26 AM