No. The contributions to your 401k withheld on your W-2 are not considered IRA deductions. They have been subtracted from your pay before taxes.
The SW on your 1099-DIV is a country code. If you have an amount in box 7, you paid foreign taxes and may get a credit for those taxes.
- If you are using TurboTax Online, you will be able to enter the country code in box 8 on the next screen, Tell us about your foreign dividends.
- If you are using the CD/Download version, you will be asked to enter the country code when you go through the interview for the foreign tax credit.
To calculate the credit for foreign taxes paid please follow these steps:
- Click on Federal > Deductions & Credits
- Scroll down to the Estimates and Other Taxes Paid section and click on the box next to Foreign Taxes
- On the Do You Want the Deduction or the Credit screen, click on the Take a Credit box.
Continue through the screens. You will be asked to select the country where you earned the income.
