Question

Foreign Income

Forum|Forum|1 year ago
February 25, 2025
1 reply
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After running smart check, I was taken to a form where I had to list foreign income from my Fidelity account, such as Canada, Denmark, Japan, but I missed one and can’t find where to add these two both International Index funds (RIC). Additionally, as a Maryland resident, do I need to add this total back in when do this return?

T

ThomasM125

You need to revisit the foreign taxes section:

1. From the Federal section of TurboTax, go to the Deductions and Credits section

2. Find Estimates and Other Taxes Paid

3. Choose Foreign Taxes

4. Indicate that you paid foreign taxes or have credits from prior years

5. Work through the section until you see an option to take a deduction or credit

6. Complete the rest of the section

Your foreign income is taxable in Maryland. If you receive a credit or deduction on your federal return for foreign taxes paid, you do not have to do anything special in TurboTax to account for that on your Maryland tax return.

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