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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.
- Choose “ Dividends on 1099-DIV” and select “start’
- Select "I'll type it in myself"
- 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).
- Check the box "My form has info in more than just box 1 (this is uncommon)".
- Enter any Foreign taxes paid in Box 6.
March 23, 2023
10:55 AM