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posted Apr 14, 2021 3:47:46 AM

How to enter foreign tax paid after k-1 has been entered?

TurboTax generates forms 1116 in wrong order if K-1 and other investment forms are entered. It does not even allow to enter actual foreign taxes paid on salary. TurboTax suggests deleting all forms that took 2 days to enter and go to deductions first, then go back to Wages

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1 Replies
Expert Alumni
Apr 14, 2021 4:35:06 PM

The order should be, entering K-1 first, then Form 1116. What type of K-1 is it ?  ( partnership, corporation?)  and which box does it reflect the foreign income or taxes on the form?

 

To enter Form 1116, here are the steps:

  • Open up your TurboTax account and select Pick up where you left off
  • At the right upper corner, in the search box, type in "foreign tax credit" and Enter
  • Select Jump to foreign tax credit
  • Follow prompts