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Foreign Tax Credit 2020 - More Than 1 Country - From 1099-DIV & Schedule K-1

How do I use the Turbotax interview to enter foreign taxes paid & foreign income on 2 different Schedule K-1's & 2 different 1099-DIV's?  I am using Trubotax Premier 2021 -  WIndows CD Rom version, for filing my Form 1040.

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LinaJ2020
Expert Alumni

Foreign Tax Credit 2020 - More Than 1 Country - From 1099-DIV & Schedule K-1

You will first enter all your tax forms, like the K-1 and 1099-DIVs in the program.  Then go through the foreign tax credit section by following these steps:

 

In TurboTax online,

  • 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
  • On screen, "Tell Us About Your Foreign Taxes", check the first box ( You have no more foreign taxes to enter other than the 1099-DIV, 1099-INT, 1099-OID or a Schedule K-1)  
  • Follow prompts
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