- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I cannot enter my foreign tax paid on FTC screen, I have income from a US partnership, already entered the info from T5013 but no field to enter on FTC screen?
Topics:
October 31, 2019
12:15 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Self-employed
Enter in your T5013.
- How to enter a T5013 slip - https://turbotax.community.intuit.ca/replies/2648000
- Then go under your Deductions tab – Payments Profile and check Paid income taxes to a Foreign country and move forward from there to enter in your taxes paid.
- Apply for the FTC -in your "Find" icon at the top of the page, type in "Foreign Tax Credit" which will open the form needed to apply for this credit.
You can claim a foreign tax credit for the taxes that you paid in the USA. The foreign tax credit is the lesser of two amounts:
- The income tax you paid in the foreign country
- The Canadian tax payable on the foreign source of income
October 31, 2019
12:15 AM