Investors & landlords
The foreign taxes would only be allowed as a credit on your US tax return to the extent of your US tax on your foreign income. Since you had a loss on the property sale, you would only be able to use the foreign tax credit if you had other foreign income on your US tax return in 2023. You could enter the foreign tax paid in 2023 to report the foreign taxes to generate a foreign tax credit carryover to future years when you may have foreign income, however. You can also elect to carry it back one year.
To enter your foreign taxes for the foreign tax credit (carryover), choose the Foreign Taxes option under Estimates and Other Taxes Paid, in the Deductions and Credits section of TurboTax:
