I cannot find where to enter the amount of foreign tax paid in 2021 on my rental property in Ireland. The foreign tax credit is just reflecting the 2020 carryover

[prendergast99]

I have gone through all the Form 1116 screens for Passive Income. I have also checked that my property information is indicating a non-US address

[rogge1722]

Do you have any 1099's or K-1's that have foreign taxes paid  as this will influence the initial screen presentations?

[HelenC12]

@prendergast99 

As you're going through the foreign tax credit interview, on the Choose the Income Type screen, select Passive income. Enter the information on the screens that follow. On the Foreign Tax Paid - Ireland screen, enter No, I have foreign taxes paid on rental, royalty, or other income (including wages). Scroll down to Foreign Taxes on Rents and Royalties and enter your foreign tax.

Both the credit and the deduction are entered in the same place. Here's what you do:

1. Open (continue) your return in TurboTax
2. Make sure you've already entered all your foreign income. If you still need to enter it, do that now.
3. Select Search and search for foreign tax credit. Select the Jump to link in the search results
4. When you reach the screen Do you want the deduction or the credit? Select the option you prefer for your situation
5. If you select Take a credit:
   • Select Continue on the next screen, then select No to fill out Form 1116
   • When you reach the screen Country Summary, select Add a Country
   • Answer the questions about your foreign income, taxes, and expenses on the following screens
   • When finished, you'll be taken back to the Country Summary screen. If you have income from other countries to enter, select Add a Country. Otherwise, select Done
   • Answer the questions on the following screens until you reach your Foreign Tax Credit Summary. If you’re finished with this section, select Done
6. If you select Itemized Deduction:
   1. Enter your foreign taxes paid on the next screen. These should show up in the Deductions & Credits section of your tax return, under Other Deductible Expenses

In most cases, taking the credit works out better than the deduction. We'll help you decide which one's best for you when you go through this section.

If you choose to take the credit (most people do), we'll attach Form 1116, Foreign Tax Credit if your situation requires it.

Note: You won't be able to take a credit or deduction for taxes paid (or accrued) on excluded foreign earned income or housing. This is because excluded income and housing isn't taxed in the first place.

Related Information:

• What does or doesn't qualify for the Foreign Tax Credit?
• Why doesn't the foreign tax credit show up on Schedule 3, Line 1 of my 1040?
• Can the Foreign Tax Credit be carried over or carried back?
• Do I need to report foreign income?

[Edited 04/05/2021|6:43 am PST]

[prendergast99]

Hello - Thanks for your reply. My problem is I am not getting to the screen that you have in your screenshot where I can enter a number.

After I select the type as Passive Income, these are the screens I get:

Country Summary (Ireland is there, I hit "Done")

Any foreign source qualified dividends or long term capital gains? (my rental income is pre-populated, so I hit Continue)

Taxes Paid or Accrued (I select "Paid" and hit Continue)

Other Deductions Not Definitely Related (I leave blank , hit Continue)

Investment Interest, Trade or Business Interest, Passive Interest  (I leave Blank for each, hit Continue)

Country of Residence (USA is pre-populated, I hit Continue)

Reduction in Foreign Taxes, High Tax Kick-out (I leave blank , hit Continue)

Foreign Tax Credit Carryovers (There are numbers pre-populated for 2020, with the "Amount Used" being $65 less than the "Foreign Taxes")

Foreign Tax Credit Carryover Adjustments (I select No, Continue)

A few more screens then I get to Reporting Foreign Income and Expenses. I select Yes (I'm done) and the next screen is called Foreign Tax Credit , and it says Your Foreign Tax CRedit is $65. Nowhere was I given a screen to enter Tax Paid. 

Thanks in advance