turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

For some reason my return keeps saying I earned a Foreign Tax Credit, however, this is not true. What am I missing. Is this an error that is happening to the system?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
rjs
Level 15
Level 15

For some reason my return keeps saying I earned a Foreign Tax Credit, however, this is not true. What am I missing. Is this an error that is happening to the system?

Where does your tax return say that you have a foreign tax credit? Is there an amount on Schedule 3 line 1? That's where the foreign tax credit would be.


Do you have foreign tax paid in box 7 of a Form 1099-DIV? That would entitle you to a foreign tax credit.

 

ekg7
New Member

For some reason my return keeps saying I earned a Foreign Tax Credit, however, this is not true. What am I missing. Is this an error that is happening to the system?

I am having the same issue. I have not entered any of the forms listed and I have not earned a foreign tax credit.

 

DaveF1006
Expert Alumni

For some reason my return keeps saying I earned a Foreign Tax Credit, however, this is not true. What am I missing. Is this an error that is happening to the system?

If you received a 1099 INT or 1099 DIV, check boxes 6 for the INT and 7 for the DIV. If you have entries in either of these forms, you may eligible for a foreign tax credit for the foreign taxes you paid.

 

 

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

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question