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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1 Best answer

Level 10

Apr 14, 2025 2:32:01 PM

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-dividens/00/3300236

Level 10

Apr 14, 2025 2:32:01 PM

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-dividens/00/3300236

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