MarilynG1
Expert Alumni

Retirement tax questions

In the Foreign Tax Credit section, TurboTax asks if you had any other Foreign Income, besides what has been reported in the 1099-INT/DIV section.

 

You're then asked for Type of Income (Passive), Continue and you'll be asked to enter a Country,  Amount of Income, Amount of Tax, Date Paid.  Keep going; there's alot of questions in this section, including expenses, adjustments, carryovers, that don't apply to you. At the end you'll see a Foreign Tax Credit Summary page.

 

Even though the refund meter at the top may not show a difference, you should see an amount on the main screen for Deductions & Credits next to Foreign Tax Credit. You'll see the credit on Schedule 3, Line 1. 

 

If you're using TurboTax Online, close the program, clear your Cache and Cookies and return to Deductions & Credits. 

 

Here's more info on Claiming the Foreign Tax Credit.

 

@bonsuds 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"