If you are filing for a foreign tax credit, you can indicate the country when you complete form 1116 in TurboTax. If you have an entry in box 7 of your 1099-DIV, you might not have to do anything about it. But you'll have to visit the Foreign Tax Credits section under Deductions and Credits only if you:
- are not Married Filing Joint and have more than $300 of foreign taxes withheld, or, - are Married Filing Joint and have more than $600 of foreign taxes withheld.