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cmacedoc
New Member

Where in the process do I get to input foreign taxes paid in form 1116? The questionnaire asks me if I have paid foreign taxes but didn't ask me for the amount.

 
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1 Reply
KarenJ
Intuit Alumni

Where in the process do I get to input foreign taxes paid in form 1116? The questionnaire asks me if I have paid foreign taxes but didn't ask me for the amount.

To report your foreign tax paid on your foreign income for foreign tax credit:

  1. Click on Deductions & Credits
  2. Scroll down to Estimates and Other Taxes Paid
  3. Scroll down to Foreign Taxes
  4. Click 'Yes" you paid foreign taxes
  5. Click through the screens regarding foreign interest and dividends
  6. Click yes that you have reported all your foreign income already in TurboTax
  7. Click that you want to take a credit
  8. Answer question about the Simplified Limitation Election
  9. Choose income type for foreign income for wages or pension - it will be General category income,  for rents or investments - it will be Passive category income
  10. Add your country name as the country
  11. Enter description -such as Belgium wages for exam
  12. Enter Income amount that you previously reported in TurboTax
  13. Enter your taxes you paid on your foreign retirement in the box "Other income"- Please see screen shot below
  14. Continue through ALL the foreign tax credit screens until done.

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