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April 8, 2023
Question

Foreign tax credit always shows "0"

  • April 8, 2023
  • 1 reply
  • 0 views

I worked in Canada in 2022 and paid over 8,000 USD in income taxes to Canada that year (2022). I entered this amount on form 1116 to claim the credit and went through the form several times but no matter what or how I enter it, under "Your Tax Breaks" screen, it always shows as "0" for the foreign tax credit amount. Why does it show "0" when I am entering that I paid over $8,000? This is using Turbotax Premium online version.

1 reply

Employee
April 8, 2023

Frequently here is what happens: during the interview:  when arriving at the screen with the header "Other Gross Income - Canada" is left blank. It must be filled in even though reported elsewhere.