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New Member
posted Mar 23, 2024 4:09:55 PM

How do I opt out of foreign tax credit?

I have a $1 credit that I don't want because it makes me have to pay$59 for the deluxe edition.  I can't find a way to tell TurboTax that I don't want the $1 credit.

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1 Replies
Level 10
Mar 23, 2024 4:18:57 PM

@jprivers1 under Estimates and Other Taxes Paid, in the Deductions and Credits section of TurboTax: Indicate that you have already entered your 1099 forms with foreign taxes paid. Choose the foreign tax deduction option in place of the credit.

 

If that doesn't work just remove the foreign taxes paid from the 1099 reporting, it is fine not to report it