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Foreign Taxes Paid reported on 1099-Div Line 7. Where to report on Form 1065

Wher is this amount reported on From 1065?   The 1099-Div received is for a partnership LLC return.  Is it appropriate to report on "all other expenses" section or is there a specific line it needs to be reported  on?  It is not obvious in the turbo tax business product where to report it. 

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jtax
Level 10

Foreign Taxes Paid reported on 1099-Div Line 7. Where to report on Form 1065

The LLC is a passthru, right? So the LLC isn't going to "deduct" it ... you just need to get the info to the members' k1s, right?

 

If so, check out this prior question/answer and see if it gives you what you need. If no,t ask again.

 

https://ttlc.intuit.com/community/tax-credits-deductions/discussion/foreign-taxes-paid-for-1099-div-...

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

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1 Reply
jtax
Level 10

Foreign Taxes Paid reported on 1099-Div Line 7. Where to report on Form 1065

The LLC is a passthru, right? So the LLC isn't going to "deduct" it ... you just need to get the info to the members' k1s, right?

 

If so, check out this prior question/answer and see if it gives you what you need. If no,t ask again.

 

https://ttlc.intuit.com/community/tax-credits-deductions/discussion/foreign-taxes-paid-for-1099-div-...

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