AmyC
Expert Alumni

Deductions & credits

Enter the income, then enter the foreign tax paid. The programs have some variation. Go with what is closest if not exact Follow these steps:

To enter the income:

  1. go to the federal income section
  2. scroll to the bottom or  select uncommon situations or see more
  3. Miscellaneous Income, 1099-A, 1099-C, Start
  4. Scroll to the bottom
  5. Other reportable income, Start
  6. Other taxable income?
  7. Select YES
  8. Description  - whatever you want to say, something like -Finland Life Insurance cashed out
  9. Amount, enter your amount of income
  10. Continue

 

Next, enter the foreign tax paid.

To enter the tax: 

  • select Deductions & Credits.
  • select See all tax breaks or show uncommon or dropdown
  • locate Estimates and Other taxes Paid section
  • select  Foreign Tax Credit 
  • enter your information

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