I'm not certain exactly which issue you are experiencing, so I will give you a two-part answer. To enter the foreign tax you paid in TurboTax,
- In your
Federal return, choose the tab for Wages & Income, then scroll down
to Dividends on 1099-DIV and click Edit/Add
- On the
page Here's the dividend info we have so far Edit or +Add another broker
or payer if you have not yet entered the 1099-DIV
- On the
page Let's get the details from your 1099-DIV or brokerage statement mark
the check box under Box 1b - Qualified dividends that says My form has
info in more than just these boxes (this is uncommon).
- Enter your
Foreign Tax Paid in Box 7 and Continue to complete the section
I know the software says, "If you have an
entry in box 7 of your 1099-DIV, you might not have to do anything about
it." But you'll have to visit the Foreign Tax Credits section under Deductions and Credits to
enter the information required by the IRS, because there isn't a box for the
foreign income reported on the 1099-DIV in the software. You
should be able to find the income on which the foreign tax was paid in
your 1099-DIV details.
- In
the Foreign Tax interview,
on the page Tell Us About Your Foreign Taxes, choose
the first option.
-
Continue through the interview,
answering the questions. Your "Country in
which foreign tax was paid" when asked, should be
answered "RIC" if from a Regulated
Investment Company or Mutual Fund
-
Continue through the end of the
interview. Some information may be pre-filled. Be certain it
is correct. The default payment date for RIC/mutual funds is 12/31,
so do not change that date. If you review your entries, they will be
cleared and you will have to enter everything again, so I suggest you skip
that step unless you think you made a mistake.
Please comment with further details if this does not resolve your issue.
