MarilynG1
Expert Alumni

Retirement tax questions

@HM888  Type 'foreign tax credit' in the Search area, then click on 'Jump to foreign tax credit'.

 

Continue through a few screens and indicate you want to 'Take a Credit'.

 

TurboTax then wants to go through your Dividend Income (if you reported any).

 

If so, you'll confirm what was already entered to continue to a screen asking about 'Type of Income'.  Choose General Income category (screenshot).

 

You can choose the Country, and type in a description and amount of income.

 

Continue, and enter the amount of 'Foreign Taxes on Other Income'. 

 

Continue through many screens that don't apply to you, (but may to others), to get to the Foreign Tax Credit Summary page.

 

You may not see the credit on the Deductions & Credits summary page, but it will show on your Schedule 3, Line 1 and on Form 1040, Line 20. 

 

Click this link for more info info How to Claim a Foreign Tax Credit.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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