ErnieS0
Expert Alumni

Investors & landlords

Yes. TurboTax gives you the option to claim a foreign tax credit on income other than interest and dividends.

 

  1. Type foreign tax credit in Search in the upper right
  2. Select Jump to foreign tax credit
  3. On “Tell Us About Your Foreign Taxes, select None of these apply, then Continue
  4. On “Do You Want the Deduction or the Credit?” select Take a Credit
  5. On “No Other Income or Expenses” select NO
  6. On “Choose the Income Type” select General category income
  7. On “Country Summary” select +Add a Country and choose India
  8. On “Other Gross Income – India” enter Sale of Inherited Land and the amount in USD 
  9. Continue through the rest of the screens
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