turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

barthur
Returning Member

Hi, I paid foreign taxes for the first time for the tax year 2018. I am not clear on how to fill out the form for that. Should I pay extra to talk to a CPA?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
Anonymous
Not applicable

Hi, I paid foreign taxes for the first time for the tax year 2018. I am not clear on how to fill out the form for that. Should I pay extra to talk to a CPA?

please provide more info.   

did you work in a foreign country?

or

did you work in the US for a foreign company that withheld foreign taxes?

or

are you talking about foreign taxes withheld on dividends, interest, rents. royalties?

 

if the last, were  the foreign taxes reported on a tax form ?    if so what was it. 

 

please reply back in this thread so we can follow the discussion 

barthur
Returning Member

Hi, I paid foreign taxes for the first time for the tax year 2018. I am not clear on how to fill out the form for that. Should I pay extra to talk to a CPA?

did you work in a foreign country?

I am living in Italy but did NOT work in Italy in 2018. But I had to pay taxes on my worldwide income/investments even though I was not working. Basically had to pay Italian taxes on my savings in my US account.

 

are you talking about foreign taxes withheld on dividends, interest, rents. royalties?

I am talking about the tax credit that I would be due in the US because Italian taxes are higher. So the fact that I had to pay tax in Italy means that tax on remaining US income will be reduced based on the taxes paid to Italy. 

 

 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question