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New Member
posted Feb 10, 2025 3:23:54 PM

If one pays a Foreign Tax, should the credit be that same amount?

Turbo Tax is currently giving me a $444 credit when I only paid $222 in Foreign Taxes. Is that correct?

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1 Replies
Expert Alumni
Feb 10, 2025 5:07:41 PM

This sounds like a duplicate entry. Check your 1099 DIV and 1099 INT to see if there are foreign taxes reported in Boxes 6 in the 1099 INT or Box 7 in the 1099 DIV.  If these entries are recorded in one or both forms, go to the section where you claimed the foreign credits and remove the entry you may have recorded in this section.

 

  1. Go to Federal
  2. Deductions and credits 
  3. Estimate and other taxes paid 
  4. Foreign Tax Credit>start or update