Business & farm

Finally found a satisfactory answer from the community -

 

To report foreign dividend income (including your foreign tax credit) -

 

To enter interest income in TurboTax, log into your tax return (for TurboTax Online sign-in, click Here and click on "Take me to my return") type "1099div" in the search bar then select "jump to 1099div". TurboTax will guide you in entering this information.

 

  1. Choose “ Dividends on 1099-DIV” and select “start’
  2. Select "I'll type it in myself"
  3. Enter the name of the brokerage firm/foreign corporation and the amount (in USD) in box 1a (You will need to check if your foreign dividends are considered qualified dividends).
  4. Check the box "My form has info in more than just box 1 (this is uncommon)".
  5. Enter any Foreign taxes paid in Box 6.