1337235
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How to compute the foreign tax credit with 3 countries?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
pk
Level 15
Level 15

How to compute the foreign tax credit with 3 countries?

@dickc1971 , generally you would treat all foreign  taxes  as "foreign " taxes  not  differentiate between the countries.  this is for active income.

For passive income like dividend / interest income, if under  $300/$600 ( mfj ) then  you can use Various and TurboTax should accept.  If over  that safe harbor amount  i.e. you have to file a form 1116 , then  again try using various or create back-up work sheet wherein you detail out the  taxes for each country -- ditto for associated foreign income that caused the  foreign taxes paid.

 

Does this help or am i in the left field ?

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question