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Investors & landlords
Yes. TurboTax gives you the option to claim a foreign tax credit on income other than interest and dividends.
- Type foreign tax credit in Search in the upper right
- Select Jump to foreign tax credit
- On “Tell Us About Your Foreign Taxes, select None of these apply, then Continue
- On “Do You Want the Deduction or the Credit?” select Take a Credit
- On “No Other Income or Expenses” select NO
- On “Choose the Income Type” select General category income
- On “Country Summary” select +Add a Country and choose India
- On “Other Gross Income – India” enter Sale of Inherited Land and the amount in USD
- Continue through the rest of the screens
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April 1, 2023
8:02 PM