Retirement tax questions

LinaJ2020 · ‎March 4, 2021

Not sure why it asked you about dividend income. Maybe you have entered a 1099-DIV? Here is another way to enter a foreign tax credit:

If you have paid taxes to both Japan and the US tax authorities, the IRS allows you to claim a foreign tax credit on your US tax return. To claim this foreign tax credit, you would need to file a Form 1116 Foreign Tax Credit.

Here are the steps:

Open up your TurboTax account and select Pick up where you left off
At the right upper corner, in the search box, type in "foreign tax credit" and Enter
Select Jump to foreign tax credit
Follow prompts
Until you see screen " Choose the Income Type " , select your type ( Click on Income Category Type to see details)
See image below

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