Does Pennsylvania allow a tax credit for foreign income taxes on taxable dividend income?

dleonard — Thu, 06 Jun 2019 09:08:31 GMT

I have dividend income that is taxable in Pennsylvania and was taxed in another country. Is a foreign tax credit or deduction allowed by Pennsylvania?

You get a credit only for Federal Taxes for fgn taxes pai...

maglib — Thu, 06 Jun 2019 09:08:32 GMT

You get a credit only for Federal Taxes for fgn taxes paid. Not on your state returns.
in the 1099-div section of the interview. under the 1099-div there should be an amount in Box 6 note you will have to check a box that your 1099 has more than just these boxes to be able to input an amount in box 6. You then take a federal deduction during the Deductions & Credits interview for Foreign taxes paid.

topic Does Pennsylvania allow a tax credit for foreign income taxes on taxable dividend income? in Deductions & credits

Does Pennsylvania allow a tax credit for foreign income taxes on taxable dividend income?

You get a credit only for Federal Taxes for fgn taxes pai...