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Where do I file for foreign taxes paid and get credit for that on Form 1040. Thanks

I paid taxes on the dividend and interest earned in another country outside of USA. Where can I take foreign tax credit on the 1040 form.
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Where do I file for foreign taxes paid and get credit for that on Form 1040. Thanks

the starting point is to enter the foreign tax info in that section of the 1099-DIV and INT. if the toyal is over $300 ($600 if married filing  jointly) the next step is to complete the form 1116.

 

this requires one extra step on the 1099 and that is to link it to a column on the 1116. not sure what version of online you are using because the basic version doesn't provide for taking the FTC. you would have to upgrade to premier

   

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