Retirement tax questions
You don't necessarily get a Foreign Tax Credit for the amount of foreign tax you paid. The calculation is based on a variety of items in your return, but is designed to give you a credit equal to what the US Tax would be on your foreign income. The balance will be carried over to next year.
You can see the calculations on the Foreign Tax Credit Computation Worksheet, which takes amounts from various items on your return and assigns an allocation %.
If you're in TurboTax Online, you need to pay for your return in order to see all the forms and worksheets in a PDF format. You may want to consider using TurboTax Desktop next year, where you have access to all the forms and worksheets throughout.
Here's more info on Claiming the Foreign Tax Credit.
