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New Member
posted Mar 4, 2024 8:09:21 PM

Can anyone explain why i keep getting ask to upgrade to deluxe because i foreign acconts when i dont

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1 Replies
Level 15
Mar 5, 2024 7:36:08 AM

You may have input a Form 1099-DIV with an entry in Box 7, Foreign tax paid.

 

It's not unusual for a mutual fund you've invested in to report an amount in Box 7.  If TurboTax wants you to upgrade to claim a credit for the foreign tax paid, and the tax paid amount is less than the upgrade fee, you can delete the amount in Box 7.

 

To delete Box 7 information from Form 1099-DIV in TurboTax Online:

  1. Select Tax Home in the left pane
  2. On the Hi, let's keep working on your taxes! screen, select the dropdown to the right of Income & Expenses
  3. Select StartPick up where you left off or Review/Edit, as appropriate
  4. Scroll down and select the dropdown to the right of Investments & Savings 
  5. Select  Start or Revisit to the right of Dividends on 1099-DIV
  6. Select  Yes on the Did you receive any investment income? screen, then select Continue
    • If you see either the Your investments & savings or Here's your 1099-DIV info screen, select Add investments or Add another 1099-DIV as appropriate, then select Continue
  7. When you get to the appropriate screen, delete the Box 7 entry

If this doesn't appear to be your issue, feel free to post back.