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Is there a software glitch when entering the foreign tax credit for dividends from more than one country? I can enter dividends from one country but not a second.

I received dividends from Belgium and the Netherlands. But when entering the foreign tax credit, Turbotax only allows me to process the credit for Belgium. I see no way to also enter the credit for Netherlands. Is this a software glitch?
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Is there a software glitch when entering the foreign tax credit for dividends from more than one country? I can enter dividends from one country but not a second.

This is one of TTs worst features.  The work around is to just report everything as if it were a single country.  Pick the highest tax withholding tax country ( usually Canada, Switzerland or Germany) and gross it all up.  Yes, you can do it by the book book,  but be prepared for hours of agony.  And even if you get it to work, there are still a limited number of countries that you can link to the 1116.   Also, as of last year you could not check what you entered and going back resulted in starting all over again.  

 

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3 Replies

Is there a software glitch when entering the foreign tax credit for dividends from more than one country? I can enter dividends from one country but not a second.

one 1099-or multiple 1099's

 

 

what i do if 1 1099 like from a broker. just report it as if FTC from 1 country, use various for country.

 

multiple 1099's must be linked to a copy of form 1116 and then each 1099 must be designated as a different column on the 1099/1116 link

 

 

Is there a software glitch when entering the foreign tax credit for dividends from more than one country? I can enter dividends from one country but not a second.

This is one of TTs worst features.  The work around is to just report everything as if it were a single country.  Pick the highest tax withholding tax country ( usually Canada, Switzerland or Germany) and gross it all up.  Yes, you can do it by the book book,  but be prepared for hours of agony.  And even if you get it to work, there are still a limited number of countries that you can link to the 1116.   Also, as of last year you could not check what you entered and going back resulted in starting all over again.  

 

Is there a software glitch when entering the foreign tax credit for dividends from more than one country? I can enter dividends from one country but not a second.

Thanks very much. That clarifies the situation.

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