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Foreign Taxes Paid

I have a 1099-DIV line 7 that shows foreign tax paid on dividends from a foreign company. Where do I report this on Form 1065 so that each partner's K-1 reports their share of foreign taxes paid?

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3 Replies
MinhT1
Expert Alumni

Foreign Taxes Paid

The foreign tax paid is reported on line 21 of Schedule K to Form 1065.

 

On each partner's Schedule K-1, the partner's allocation of foreign tax paid is reported in box 21.

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Foreign Taxes Paid

But does that information get on the K-1 via an entry on Form 1065?  I input all my information on form 1065 and it generates automatically the K-1s for each partner.

Foreign Taxes Paid

When I enter the foreign taxes paid on Line 14 on form 1065, it doesn't translate to the K-1s Line 21.  So how do I get the amount needed on Line 21 of the K-1s?

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