Form 1065 Tax Return for Partnership

Forum|Forum|1 year ago
February 18, 2025
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I have received a form 1099-DIV that has an entry for foreign tax paid (line7). There is no entry in turbotax business to enter this. Pls advise. Thanks!

TurboTax Business Windows

Best answer by DaveF1006

Yes, you will need to enter this on Schedule K, on line 21. To get to this:

Go to the forms mode in your Turbo Tax Business product
Select Schedule K-1 Worksheet
Scroll down toward the bottom of the form, select Quick Zoom to Form 1065 page 4 Schedule K
Scroll down toward the bottom where you see Foreign Taxes paid or Accrued. Enter that amount here.

DaveF1006Answer

Yes, you will need to enter this on Schedule K, on line 21. To get to this:

Go to the forms mode in your Turbo Tax Business product
Select Schedule K-1 Worksheet
Scroll down toward the bottom of the form, select Quick Zoom to Form 1065 page 4 Schedule K
Scroll down toward the bottom where you see Foreign Taxes paid or Accrued. Enter that amount here.

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