TURBOTAX - Foreign Tax Credit - TURBOTAX - InvestorVillage


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Msg  557 of 578  at  4/17/2023 12:55:47 PM  by

rlp2451


 In response to msg 556 by  LoanRanger
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Re: Foreign Tax Credit

Thanks, but could you be more specific? Which line # is "Other income?" Line 3e shows "Gross Income From All Sources" and I tried to find out how TT calculated the amount because it is far higher than I think it should be. I added all my incomes together and could not come close to the number under any circumstance, unless they use gross sales on stocks. Even them I was short by a couple thousand $$. Do I go back and subtract the cost basis? That doesn't seem right for some reason.

I did choose the credit vs. deduction.

PS Glad to see you made it on the board.


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Msg # Subject Author Recs Date Posted
558 Re: Foreign Tax Credit LoanRanger 1 4/18/2023 8:46:17 AM




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