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Retirement tax questions
Thank you very much for the answer!! It is very helpful for me. I would like to ask you the detail of how to go through "Foreign Tax Credit" section.
Here is what I selected, but I could not input the amount of my retirement lump sum.
- Select [Federal Taxes] > [Deductions and Credits] > [Foreign Tax Credit (in Estimates and Other Taxes Paid)]
- Select [I paid foreign taxes on income I earned while working in another country.]
- Select [Take a credit] (Displayed question is "Do You Want the Deduction or the Credit?") I am not sure this is a good choice or not, though.
- Displayed question is "Where Did You Receive Dividend Income From?", but I what I want to input is my retirement lump sum, not dividend. So I got stuck here.
I am sorry for my awkward English, by the way.
March 4, 2021
6:43 PM