If you paid taxes on your foreign investments, you may qualify for a foreign tax credit (Form 1116).The foreign tax credit is reported on 1099-Div statement, box 7 showing foreign taxes paid or 1099 Consolidated Brokerage Annual Statement.
You may do a federal reciew on your return in Turbo Tax:
- In Tax Home Screen, click Federal.
- Jump to Federal Review.
- Under Federal review, it will display the error/s on your federal income income tax.
- Click each review, it should take you to the line that had error/s.
- Once fixed, you go back to Federal Review to check if it's ready to e-file.
See, how to enter foreign tax credit or deduction,
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