Tag: 'foreign taxes'
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From the community
Federal Smart Check finds 1099-DIV Worksheet issues. Has to do with Box 7 foreign tax paid, but I previously already chose "Take tax credit"?
I know I lot of tax code changes have taken place, especially this year, but don't find anywhere that...
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From the community
I worked outside the US for 8 months,humanitarian work for a US base company. Receives pay and W-2 from them. No foreign taxes. Do in need to check “Worked outside US”?
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From the community
If you file for a tax credit on Form 1116, do you receive a tax credit for 100% of the foreign taxes you have already paid on dividends?
If you file for a tax credit on Form 1116, do you receive a tax credit for 100% if the foreign taxes...
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From the community
If I want to take a foreign tax credit, how do I deal with the differently formatted tax years?. US is calendar. UK is April to April.
I pay foreign taxes on savings interest, dividends and rental income. I've always paid the tax and deducted...
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From the community
I paid over $4000 of foreign taxes on dividends to 11 countries, all imported from a single 1099-B from my brokerage, but program allows only one country for that 1099-B.
Using the step-by-step method for claiming a foreign tax credit, I can only enter a single country, because...
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From the community
I file foeign taxes every year - this year I cannot get for 1116 for filing - I have a carry fwd of foreign taxes - what has changed this year ynne
I have foreign taxes on a Canadian pension - usually I file form 1116 and get a credit for them - I have a...
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From the community
I have a U.S. brokerage investment account with some foreign investments that earned dividends and paid foreign taxes reported on 1099-DIV. Do I need to file Form 8938?
I went through the TurboTax Deluxe process to generate that 1116 forms based on the information from the...
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From the community
For FTC, can we claim the interest that we paid on the foreign taxes too?
Due to late payment of estimated taxes of foreign country (India), when I filed my taxes in the foreign...
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From the community
How do I enter foreign taxes paid from an IRA account to obtain a credit on form 1116? There is no 1099-DIV for this account.
Taxes were paid to Switzerland from two different equities in this account. I did start taking an RMD from...
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From the community
Posting foreign tax paid behaving strangely
Ive used TT for years but this is strange. I have Foreign Tax paid over a dozen countries. These occur...