You'll need to sign in or create an account to connect with an expert.
You have to complete Form 1116 in order to get the credit. See Publication 514.
You have a choice of taking a deduction for the the taxes paid or taking a credit. It's generally much better to take the credit.
It is a tax credit, not a deduction. It goes on Schedule 3 line 1; from there to line 20 on form 1040.
TurboTax will pick it up automatically from your form 1099-DIV entry. Usually form 1116 is not needed.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
CharlesANorris
New Member
Alittles3
Level 1
diana1203-
New Member
windsand1-
New Member
avinash007ster
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.