If the tax is less than $600 (married filing joint) or $300 (single filer) it will appear on line 1 of your Form 1040 schedule 1 and from there flow to line 20 of Form 1040. If it is more than that, you will need to complete the Foreign Tax section in TurboTax to see if you qualify for a credit for the foreign tax or want to deduct it as an itemized deduction. You need to go to the Estimates and Other Taxes paid section in the Deductions and Credits area of TurboTax, then choose Foreign Taxes to assign your foreign income to a country and report the taxes paid.
To view your form 1040 and schedule 1 to 3:
- Choose Tax Tools from your left menu bar in TurboTax Online while working in your program
- Choose Tools
- Choose View Tax Summary
- See the Preview my 1040 option in the left menu bar and click on it
- Choose the Back option in the left menu bar when you are done
The foreign tax will only be credited to the extent of your US tax on foreign income. Any unused credit can be carried back one year or forward up to ten years.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
