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I have both RIC and other foreign income. How do I report both when there is only one form. Is there a way to report both RIC and other foreign income?

 
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MarilynG1
Expert Alumni

I have both RIC and other foreign income. How do I report both when there is only one form. Is there a way to report both RIC and other foreign income?

Yes, in the Foreign Tax Credit section, page through the screens asking about Foreign INT/DIV, and you'll come to a screen asking if you have 'other types of foreign income'.

 

Choose the category for the type of foreign income you have, and continue to enter Country, Amount, Tax Paid, Date Paid,  on this income.  

 

Your Form 1116 will show the additional income, as well as the RIC income.

 

Remember to report the income in the correct category in TurboTax; this is only for the Foreign Tax Credit.

 

@markorcindy 

 

 

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