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Mfd57
New Member

I have $103 of Foreign Tax Paid reported on a K-1 for 2023, from Dividend income.

I have $103 of Foreign Tax Paid reported on a K-1 for 2023, from Dividend income. This is the only Foreign Tax amount that I have. Why is TurboTax not allowing me to claim a Foreign Tax credit without filing a Form 1116, which was allowed last year?  

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1 Reply
SusanY1
Expert Alumni

I have $103 of Foreign Tax Paid reported on a K-1 for 2023, from Dividend income.

The most likely explanation is that you had a carryover of unused foreign tax credit form last year, which then necessitates the Form 1116 (in order to generate the Form 1116-B that reports the carryover).  

 

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