Skip to main content
April 13, 2025
Question

I want to know how should I enter US state (e.g. California) tax as foreign tax credit using Turbotax Canada. It seems that Turbotax only asks for country name info?

  • April 13, 2025
  • 1 reply
  • 0 views
Enter US federal tax as foreign tax credit seems straight forward, but what to do to enter US state tax the next? There seems only box to enter foreign country name, but no place to mention it is a state tax?

    1 reply

    April 15, 2025

    As per CRA, foreign income and foreign taxes must be converted to Canadian dollars. Use the Bank of Canada exchange rate in effect on the day these amounts arise.

     

    Thank you for choosing TurboTax.