Retirement tax questions

if you paid a foreign tax on your British pension, you can claim a foreign tax credit on your US tax return to avoid double taxation. To claim your foreign tax credit, please follow the guidelines written by one of our agents LinaJ2020 as she has listed detailed instructions.  Follow these closely.

After this is entered, you will need to claim a foreign tax credit by doing the following:

1. Click Federal >Deductions and Credits at the top of the screen
2. Scroll down to Estimates and Other Taxes Paid and click on Show More
3. Click on Start or Revisit next to Foreign Taxes and then select Yes
4. Select Yes to the question "Have you already reported all of your foreign income?" and then click on Continue
5. Select any applicable boxes to the question "Tell Us About Your Foreign Taxes" and then select Continue
6. Then select "Take a Credit" to the question "Do You Want the Deduction or the Credit?" Select No to the question "Do all of the following apply to your foreign income?"
7. Continue until you get to the section "Choose the Income Type" and then select the appropriate income category. Click Continue.
8. Add the country and continue through the sections, answering any applicable questions. Keep going until you get to the section "Foreign Taxes Paid" and then enter your foreign taxes and the date. (See screen shot below)