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rach1931
New Member

My tax return says I have a $1.00 foreign tax credit, but I've never paid foreign taxes. I can't seem to make it go away, and I answered the foreign tax question "no"

 
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3 Replies
ToddL
New Member

My tax return says I have a $1.00 foreign tax credit, but I've never paid foreign taxes. I can't seem to make it go away, and I answered the foreign tax question "no"

The $1 foreign tax credit is almost certainly coming from one of your 1099-INTs or 1099-DIVs  (Box 6).

The quickest way to get past this is remove the $1 entry from whichever form has it. The may require you to delete the form and re-enter it in the appropriate interview. 

See: How do I delete forms in TurboTax Online?

kmkevinn6699th
Returning Member

My tax return says I have a $1.00 foreign tax credit, but I've never paid foreign taxes. I can't seem to make it go away, and I answered the foreign tax question "no"

I submit my W2's back in January 16th, the W2's was incorrect which means I would not be able to stop the process, and why do I wait until February 15th for the Amend File.

Hal_Al
Level 15

My tax return says I have a $1.00 foreign tax credit, but I've never paid foreign taxes. I can't seem to make it go away, and I answered the foreign tax question "no"

Submitting an amended return before the first one is fully processed effectively creates two competing tax returns in the IRS system. That will "flag" it and put an end to the processing. It'll be a year before you get your refund. 

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