Question

Paid foreign tax on Novartis stock. Does this qualify for credit?

Forum|Forum|6 years ago
April 9, 2020
1 reply
0 views

If so where do I enter

TurboTax Premier Online

Employee

Yes, foreign tax will be captured by the program where you inputted the information for the lower amounts. Higher amounts require more information and you need the 1116. The exceptions to the form are on page 1 of the instructions. Here are the instructions for form 1116.

The credit is almost always the right choice, Where do I enter the foreign tax credit (Form 1116) or deduction for 2019?

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"