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New Member
posted Feb 12, 2025 7:43:10 AM

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?

0 3 1032
3 Replies
Level 15
Feb 12, 2025 8:35:37 AM

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.

 

New Member
Feb 15, 2025 10:15:25 AM

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

 

Expert Alumni
Feb 15, 2025 1:21:48 PM

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.