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Foreign Taxes paid for 1099-DIV dividens

I cannot get foreign taxes (shown on a partnership account's 1099-DIV from Schwab) on Form 1065 partnership return so it is added to line 21 on each partner's K-1.  I tried putting it manually on 1065, line 14 and that did not work.  I'm using TurboTax Business on Windows desktop. What do I need to do? 

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2 Replies
ThomasM125
Expert Alumni

Foreign Taxes paid for 1099-DIV dividens

I was able to enter the foreign taxes directly on line 21 of the partnership schedule K-1, did you try that?

 

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Foreign Taxes paid for 1099-DIV dividens

After I figured out how to "override" the entry via the Edit dropdown menu, I got it to work.  It is still an improvement TT could make to have it entered on form 1065 and be allocated appropriately to each partner's K-1 IMHO.

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