It may. To be eligible for the Foreign Tax Credit, you must have paid or accrued the tax to a qualifying foreign country, be legally obligated to pay the tax, and not gain from paying it. To report the credit in TurboTax Online, see this TurboTax Help or follow these steps: Down the left side of the screen, click Federal. Down the left side of the screen, click Deductions & credits. Click the down arrow to the right of Estimates and other taxes paid. Click to the right of Foreign taxes. Follow the screens. See also this TurboTax Help.

Question

Does $815.00 foreign taxes paid count as a foreign tax credit?

Forum|Forum|1 year ago
March 18, 2025
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J

JamesG1

It may. To be eligible for the Foreign Tax Credit, you must have paid or accrued the tax to a qualifying foreign country, be legally obligated to pay the tax, and not gain from paying it.

To report the credit in TurboTax Online, see this TurboTax Help or follow these steps: