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April 5, 2025
Question

K-1 1041 beneficiary Box 14 Code B foreign countries income types

  • April 5, 2025
  • 0 replies
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When entering Box 14 Code B foreign credit amount, where do I enter the additional information from the additional schedule K-1 items? 

I have two foreign countries: Switzerland and Other Country

Turbotax only gives me one country option. How can I enter both? 

In addition, I have gross income qualified dividends taxes and date paid.

What income category do I select: Passive, General? I believe general, but aren't qualified dividends taxed differently? 

I have not found a clear answer on the discussion boards up to this point. 

In addition, how to I enter in foreign taxes on Form 1116 in the easy steps with multiple foreign countries and copies? 

Sincerely,

Chris