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TT is showing me a $6 deduction for foreign income, yet I don't think I entered any foreign income

My TT is showing a $6 foreign income tax credit in the deductons section.  The help says that this comes from a 1099-DIV/INT/OID or K1 that had foreign income. However, when I review my income entries, I don't see anything about any foreign income.  There are two questions about Foreign income, both of which I answered  "NO".  Oddly, when I navigate away from the Income section where I answered the questions, they show as unanswered and I select "no" again.

 

Any help will be greatly apprecited.

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1 Best answer

Accepted Solutions
ToddL99
Expert Alumni

TT is showing me a $6 deduction for foreign income, yet I don't think I entered any foreign income

One of your 1099-DIV.INT/OID probably had a "foreign taxes paid" entry  (e.g. Box 7 for 1099-DIV). - that tells the program you had foreign income.

 

The "foreign income" associated with that tax would be reported  in a "supplemental information" package that came with your 1099-DIV/INT/OID.

 

Check the supplemental information and re-answer the questions about foreign income.

 

 

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2 Replies
ToddL99
Expert Alumni

TT is showing me a $6 deduction for foreign income, yet I don't think I entered any foreign income

One of your 1099-DIV.INT/OID probably had a "foreign taxes paid" entry  (e.g. Box 7 for 1099-DIV). - that tells the program you had foreign income.

 

The "foreign income" associated with that tax would be reported  in a "supplemental information" package that came with your 1099-DIV/INT/OID.

 

Check the supplemental information and re-answer the questions about foreign income.

 

 

TT is showing me a $6 deduction for foreign income, yet I don't think I entered any foreign income

Thank you so very much - I see it in the 1099-DIV box 7.  Thanks for detailing this out for me.

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