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Level 1
posted Mar 15, 2025 9:39:46 AM

TT is claiming I am eligible for the Foreign Tax Credit when I correctly entered all W2s. All income was in the US. Would stock investments trigger this?

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1 Replies
Expert Alumni
Mar 15, 2025 9:45:41 AM

Yes, dividends paid from a foreign stock could trigger this if your Form 1099-DIV shows a foreign tax paid in box 7.  There may be other triggers as well, but foreign dividends is a common one.  

 

The following TurboTax help article will provide more information about how to claim the foreign tax credit:

 

Where do I enter the foreign tax credit (Form 1116) or deduction?