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.

maxochoa
New Member

I entered foreign taxes as a deduction. I now want to switch it to a credit, but I cannot remove it from the "Other Deductible Expenses" area

 
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
CesarJ
Employee Tax Expert

I entered foreign taxes as a deduction. I now want to switch it to a credit, but I cannot remove it from the "Other Deductible Expenses" area

To switch foreign taxes from a deduction to a credit in TurboTax and remove it from "Other Deductible Expenses", follow these steps:

1. Go to Foreign Taxes Section: Navigate to the Deductions & Credits area, then to the Foreign Taxes screen.
2. Choose Your Entry Method: If asked, select I'll choose what I work on.
3. Start or Update Foreign Taxes: Under Estimates and Other Taxes Paid, select Start or Update next to Foreign Taxes.
4. Select Credit Instead of Deduction: On the screen asking Do You Want the Deduction or the Credit?, choose Take a Credit and continue.
5. Complete the Form 1116 Sections: Enter your foreign income, taxes, and expenses as prompted.

The software will remove the foreign tax deduction from Other Deductible Expenses and apply the foreign tax credit instead. This typically works out better for most people.

If you have trouble, try deleting the foreign tax deduction entry before re-entering it as a credit.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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