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
Foreign Tax Credit TT error: How to fix it?
I believe I entered appropriately each "easy step" to obtain the Foreign Tax credit: listing the foreign...
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From the community
Am I legally required to report box 7 (foreign tax paid) from my 1099DIV when I file if the amount is only $5.58?
I'd honestly rather file using the free version, and this $5.58 I paid in foreign taxes seems to be enough...
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From the community
I’ve entered my Foreign Earned Income and qualified for the exclusion, do I also need to enter my income under another tab (like the Business Income and Expenses)? Thanks
I was in the US for 3 months (at the beginning of the year) then I moved to Brazil where I stablished my...
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From the community
TT is asking for a Form 1116 for foreign taxes, but TT stated I don't need one, how do I get around this issue?
During the interview I elected to take my Foreign Taxes paid as a credit and not a deduction and TT stated...
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From the community
I want to carry over excess foreign tax credit from past years, although I am not using the credit this year. Do I need to file form 1116 or a carryover statement?
I have excess foreign tax credit on general category income from 2017 and past years. This year I did not...
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From the community
Should I enter the last date for foreign taxes paid in 2018, or list each foreign tax payment separately by date?
All foreign tax payments are for passive dividend investment income from a mutual fund and stock Each...
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From the community
How can I deduct foreign taxes (on dividends) from the tax I owe instead of as an itemized deduction? I don't need to itemize, but TT insists.
TT won't let me file electronically unless I change this to an itemized deduction.
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From the community
Foreign Pension Lump-Sum Exchange Rate for IRS Reporting
Received a lump-sum for UK Pension in 2018. Due to UK tax refund, received lump-sum in two separate...
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From the community
Foreign oil and tax credits
I paid taxes and received dividends for Royal Dutch Shell in UK. Does this need to excluded from foreign...