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kvasxr
New Member

TT2018 premier does not carryover the foreign tax paid entry in 1099div to the "estimates & other taxes... foreign tax credit?"

 
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KarenJ
Intuit Alumni

TT2018 premier does not carryover the foreign tax paid entry in 1099div to the "estimates & other taxes... foreign tax credit?"

If the credit was less than $300 (single) or $600 (married filing jointly) then it automatically is transferred to Schedule 3 (Nonrefundable credits) and then to 1040 line 12b.

If it is more than the above amounts, the information is transferred to the Foreign Taxes section under Deductions and Credits

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1 Reply
KarenJ
Intuit Alumni

TT2018 premier does not carryover the foreign tax paid entry in 1099div to the "estimates & other taxes... foreign tax credit?"

If the credit was less than $300 (single) or $600 (married filing jointly) then it automatically is transferred to Schedule 3 (Nonrefundable credits) and then to 1040 line 12b.

If it is more than the above amounts, the information is transferred to the Foreign Taxes section under Deductions and Credits

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