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Investors & landlords
Hi ErnieS0
Thank you for your reply on how to add Form 1116.
I have TurboTax Deluxe : After I select "Take Credit." It is bringing up " Reporting Foreign Taxes Paid" Then I press Continues, it brings up " Where did you receive Dividend Income from ?" Under that it says " Select All countries to which you paid foreign taxes on dividends reported on Form 1099-DIV." If I add India and continues it brings up 1099-DIV That TT has added from Edward Jones that had $8 in Foreign Taxes.
I do not see these lines or options to select
- 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
April 2, 2023
2:32 PM