How can I remove the Foreign Tax Credit from my return? This is the only thing preventing me from using the free version of TurboTax.

Forum|Forum|2 years ago
January 30, 2024
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I get a $7 Foreign Tax Credit, which is meaningless as it does not affect my refund. However, it is the one thing preventing me from using the Free Edition of TurboTax. How can I remove this?

TurboTax Free Edition Online

Best answer by ThomasM125

Yes to both. I have three 1099-INT and one 1099-DIV. All of them are US-based companies with US addresses.

Does this affects the Foreign Tax Credit?

Thanks.

If you have foreign taxes listed in box 6 on Form 1099-INT or box 7 of Form 1099-DIV you will likely be entitled to a foreign tax credit. You can remove those entries if you don't want the foreign tax credit. You may have to delete your 1099 form entry though to clear out the foreign tax situation and re-enter them.

DawnC

Employee

You can delete Form 1116 (Foreign Tax Credit) from your return. To delete a form in TurboTax Online, here's the general procedure for viewing a list of all the forms in your return and deleting unwanted forms, schedules, and worksheets in TurboTax Online:

Sign in to TurboTax and open your return by selecting Continue or Pick up where you left off.
In the left menu, select Tax Tools and then Tools.
In the pop-up window Tool Center, choose Delete a form.
Select Delete next to the form, schedule, and worksheet in the list and follow the instructions.

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randalroeAuthor

I tried that but do not see this form, either its title or its number, listed among the forms that I can delete. Instead, I see:

A number of worksheets: Tax Payments, Tax and Interest Deduction, Misc Itemized Deductions, etc.
Schedule B, which includes 1099-INT items
Form 8936 (?)
A few summaries: Forms W-2, two-year comparison, tax summary, etc.

So, which item should I delete so that I can remove Form 1116 (Foreign Tax Credit) from my return?

Thanks.