Canada rental property where to report to get tax credit for tax paid on Canadian rental property?

[speedy7660]

I paid Canadian tax for my Canadian rental property.  Where do i go to claim credit for my tax paid in Canada so I won't be double paying tax in Canada and US.  Turbo tax keep asking about 1099!?! which I have done and cannot move forward!?!

[DaveF1006]

It depends. First enter your Canadian Income by:

1. In TurboTax, go to federal>wages and income>Rentals, Royalties, and Farm>show more
2. Rental Properties and Royalties (Sch E)>start or revisit
3. Completely enter your rental information regarding your Canadian rental. Don't worry about entering a 1099 if you don't have anything to enter. You can enter your information here without it.
4. Now go to federal>deductions and credits>estimates and other taxes paid>foreign tax credit>start
5. Start entering the information here.  if you get stuck on a question, don't hesitate to write back.

[speedy7660]

Thanks Dave!  Will try this out!

[speedy7660]

Should I enter the foreign tax paid  for property rental under Passive category income or General category income?  

[LinaJ2020]

You should categorize it under Passive Income.   After entering information under Rental section, continue to go through the foreign tax credit section to complete the transaction.  Here are the steps:

Here are the steps: 

• Open up your TurboTax account and select Pick up where you left off
• At the right upper corner, in the search box, type in "foreign tax credit" and Enter
• Select Jump to foreign tax credit
• Follow prompts

If you pay taxes on your rental to both Canadian and US government, the IRS allows you to claim a foreign tax credit on your Form 1040.  It will show on Schedule 3 line 1 and line 20 on Form 1040.