Question

Edward jones statement does not have 1099B. But it does have supplemental information, should i report this

Forum|Forum|2 years ago
April 12, 2024
1 reply
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the supplemental info contains foreign source income or state exclusions that may be able to claim as a deduction on tax return a portion of foreign tax paid. How is this calculated?

TurboTax Online

J

JamesG1

You may be eligible for the Foreign Tax Credit reported on IRS form 1116.

In TurboTax Online, follow these steps:

Down the left side of the screen, click Federal.
Down the left side of the screen, click Deductions & credits.
Scroll down to Estimates and Other Taxes Paid. Click the down arrow to the right.
Click on Start/Revisit.
Click Start/Revisit to the right of Foreign Tax Credit.