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March 30, 2020
Question

Foreign Tax Credit

  • March 30, 2020
  • 1 reply
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I have bank interest income and taxes paid from a foreign country India. A message is displayed for Form 1099-INT (ICICI Bank-foreign bank) not completed. The following message is displayed at the bottom of the Form 1099-INT:

"Foreign tax Sch A box or Form 1116 copy should be entered for ICICI bank. Return to place where this was entered to indicate the copy number".

I am using Form 1116 and will appreciate if someone let me know how to resolve this issue.

    1 reply

    March 30, 2020

    Type 'foreign tax credit' in the Search area, then 'Jump to foreign tax credit' to check your entries.

     

    Click this link for more info on claiming a Foreign Tax Credit.