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.

Should I report foreign taxes from dividends and interest in "Definitely Related Expenses" or "Foreign Taxes Paid" page of "Foreign tax credit"?

 
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.

1 Reply
pk
Level 15
Level 15

Should I report foreign taxes from dividends and interest in "Definitely Related Expenses" or "Foreign Taxes Paid" page of "Foreign tax credit"?

@maria-hakonen , foreign taxes paid  are reported ( if you wish to  claim FTC or deduction ) ONLY as Foreign taxes paid --- not as an adjustment to the gross foreign income ( whether  interest, dividend, capital gain or whatever ).  The adjustment is for  expenses associated  with the in come -- e.g. commission, transfer tax , recording fees or similar  expenses .

 

Does this make sense ?

Is there more I can do for you ?

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question