I have a single T5 from my broker that includes foreign income from multiple countries. Turbotax only allows me to select one country per T5. Do I need to create separate T5s for each country to enter the foreign income properly? If so do I enter all of the other boxes on one T5, with say the income from the US (the largest source of foreign income), and then leave those boxes empty on the other T5 entries where I fill in just the foreign income (box 15)?
Yes, you have to file those separately
If you have income from more than one country, you need to submit a separate foreign income tax credit form for each country. If you have business income and non-business income from foreign countries, you need to submit them using separate forms.
For more information, please see our TurboTax article link as Canada’s Foreign Income Tax Credit
Thank you for using TurboTax
ok, thanks!
Al15
Returning Member
Apetrech
Level 1
BTAK02
Level 1
gschew
New Member
Danico7
Returning Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.